Prior to his elevation in 2020, he worked as general manager in the SARG from 2017. He has worked mostly in the corporate banking segment in the last two decades.
Banking sources said, besides formation and establishing the structure of the company, he and his team would be involved in framing rules for making offers and acquisition of bad assets from
The Indian Banks' Association (IBA) is spearheading work on the finer details of the proposed 'bad' bank. The equity structure or holding of lenders, including NBFCs such as PFC and REC, in the bad bank is also being worked out by the IBA. An HR consultancy firm is helping the IBA with the selection of team members.
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