♦ P Santhosh was appointed as the Managing Director of National Asset Reconstruction Company (NARCL) on 5 January 2024. He succeeded Natarajan Sundar. Currently Santhosh served as the Chief General Manager at Canara Bank. Canara Bank is the sponsor bank of NARCL with more than 10 percent stake. Public sector banks are the major shareholders of NARCL. NARCL is a government unit, it was established in 2021.