IRARC’s Avinash Kulkarni to head India Debt Resolution Company

Daily Current Affairs / IRARC’s Avinash Kulkarni to head India Debt Resolution Company

Change Language English Hindi

Category : Appointment/Resignation Published on: June 29 2022

Share on facebook

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.

The Indian Navy launched the IOS SAGAR Initiative 2026 to boost maritime cooperation in the Indian Ocean Region.
Read More....
Bharat Electricity Summit 2026 began in New Delhi with global participation focusing on clean energy and innovation.
Read More....
William Dalrymple won the Mark Lynton History Prize 2026 for his book “The Golden Road.”
Read More....
Scientists discovered a 289-million-year-old reptile skin fossil in Oklahoma, the oldest known example.
Read More....
Bhumika Shrestha became Nepal’s first transgender woman Member of Parliament.
Read More....
ITDC launched the Tribal Homestay Capacity Building Program 2026 to promote sustainable tourism.
Read More....
OpenAI introduced GPT-5.4 mini and nano models for faster, cost-efficient AI performance.
Read More....
Algeria offers the cheapest LPG globally due to abundant gas reserves and subsidies.
Read More....
The Supreme Court granted equal maternity leave to adoptive mothers, removing age restrictions.
Read More....
India became the world’s third-largest metro network with over 1,143 km operational lines.
Read More....

IRARC’s Avinash Kulkarni to head India Debt Resolution Company