Categories: Appointments

IRARC’s Avinash Kulkarni to head India Debt Resolution Company

The chief govt of India Resurgence Asset Reconstruction Firm (IRARC), Avinash Kulkarni, has been chosen to head the India Debt Decision Firm (IDRCL). Kulkarni is a (SBI) veteran, having undertaken numerous roles on the public sector behemoth. His engagements on the SBI group have included assignments within the funding banking and advisory arm, Capital Markets.

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Kulkarni was selected from among a shortlist of about six candidates earlier this month. With this selection, the key executives are in place to start consolidating bad loans from banks through the NARCL.

Kulkarni’s appointment follows another SBI veteran Natarajan Sundar being selected as CEO of the National Asset Reconstruction Company Limited (NARCL) in April. Sundar took over as the CEO at the end of May. Both appointments now mean that the key executive leadership to run the government-backed ARC is in place.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.