State Bank of India's Padmakumar M Nair named as CEO of proposed bad bank
May 12, 2021
Padmakumar M Nair of State Bank of India (SBI) will be the chief executive of National Asset Reconstruction Company (NARCL), a proposed entity for taking over bad loans of lenders, predominantly public sector banks. NARC, also called a 'bad' bank, is expected to be operational in June 2021.
Nair, a career banker with SBI, has been chief general manager (CGM) in the stressed assets resolution group (SARG) of the bank since April 2020.
Source: Business Standard
Latest News
Seven-term Rajya Sabha MP Mahendra Prasad passes away
Dec. 31, 2021
Obituaries
Biological E Gets Govt Go-ahead for Phase 3 Trials of Corbevax as Booster Dose
Dec. 31, 2021
National News
Venkaiah Naidu launches book
Dec. 31, 2021
Education
Japan introduces world's first dual-mode vehicle that can run on roads and tracks
Dec. 31, 2021
International
Telangana tops in implementation of Rurban Mission
Dec. 31, 2021
State
Manohar Lal Khattar launches Haryana Kaushal Rozgar Nigam portal
Dec. 31, 2021
State
Anupam Ray to become India's new ambassador to UN Conference on Disarmament, says MEA
Dec. 31, 2021
National News
RBI approves Rajeev Ahuja's appointment as interim MD & CEO of RBL Bank
Dec. 31, 2021
Banking
Edward O Wilson, biologist known as ‘ant man,’ dead at 92
Dec. 31, 2021
Obituaries
Sahibzada Day will inspire us to fight against tyranny: Yogi
Dec. 31, 2021
State
Centre launches project to upskill 4,000 cane and bamboo artisans from Nagaland under RPL
Dec. 30, 2021
State
IndusInd Bank launches ‘Green Fixed Deposits'
Dec. 30, 2021
Banking
Central Bank of India launches RuPay Business Platinum Debit Card
Dec. 30, 2021
Banking
MAS Financial announces strategic partnership with Bank of Maharashtra for MSME loan
Dec. 30, 2021
Business
Uttarakhand's Khatima to host 'Surai Ecotourism Zone', 'Kakra Crocodile Trail'
Dec. 30, 2021
State