Arcil (Asset Reconstruction Company (India) Ltd) has announced the appointment of Pallav Mohapatra as its MD and CEO. Prior to the this appointment, Mohapatra was the Chief Executive Officer and Managing Director of the Central Bank of India. Before being elevated as Chief Executive Officer and Managing Director of Bank of India, he was Deputy MD, Stressed Assets Management Group, SBI.

Vinayak Bahuguna headed Arcil as Chief Executive Officer and Managing Director for 5 years till June 2020. Arcil, which was set up in the year 2002, currently has assets under management (in non-performing loans) of Rupees 12,000 crore.

Pallav Mohapatra appointed as MD & CEO of ARCIL Pallav Mohapatra appointed as MD & CEO of ARCIL