Sunday, April 29, 2012

P. Rudran is new ARCIL chief

Mr. P. Rudran has been appointed as the Managing Director and CEO of Asset Reconstruction Company of India Ltd (ARCIL).
Arcil is the first Asset Reconstruction Company in the country to commence business of resolution of non-performing financial assets (NPAs) upon acquisition from Indian banks and financial institutions. It commenced business immediately after enactment of the Securitisation Act, 2002. As the premier ARC, Arcil has been playing the pioneering role in setting standards for the industry in India. Arcil has recently launched a retail NPAs resolution initiative through Arcil-Arms (a division of Arcil).

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