Appointment/Resignation

IRARC’s Avinash Kulkarni to head India Debt Resolution Company

Published on 29 Jun 2022

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  • The chief executive of India Resurgence Asset Reconstruction Company, Avinash Kulkarni, has been selected to head the India Debt Resolution Company.
  • He will be the sole agent to resolve more than ₹83,000 crore of bad loans to be acquired by the government-backed National Asset Reconstruction Company.
  • Kulkarni has previously worked in the State Bank of India.
  • Kulkarni's appointment follows another SBI veteran Natarajan Sundar being selected as CEO of the NARCL in April. Sundar took over as the CEO at the end of May.
  • IDRCL is a private sector company controlled by private sector banks that own a 51% share.
Source: SarkariPariksha