Current Affairs - Persons - Discussion

Reliance Asset Reconstruction Company (RARC) announced the appointment of Ravindra Rao as its new Chief Executive Officer. Ravindra Rao succeeds Asokan Arumugam, who is retiring after being at the helm at RARC since last four years. Ravindra Rao brings with him 22 years of experience in consumer lending spanning across risk management, compliance, distribution, operations and technology. Anil Ambani-led Reliance Capital is the principal sponsor of RARC. orporation Bank, Indian Bank, GIC of India, Dacecroft and Blue Ridge are the other stakeholders in RARC.