Sunday 14 March 2021
Asset Reconstruction Company (India) Ltd (Arcil) has introduced the appointment of Pallav Mohapatra as its Chief Executive Officer and Managing Director. Prior to the appointment, Mohapatra was the MD and CEO of the Central Bank of India. Before being elevated as MD and CEO of CBoI, he was Deputy Managing Director, Stressed Assets Management Group, State Bank of India.
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Vinayak Bahuguna headed Arcil as MD and CEO for 5 years until June 2020. Arcil, which was arrange in 2002, at the moment has property beneath administration (in non-performing loans) of ₹12,000 crore.
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