Asset Reconstruction Company (India) Limited has announced the appointment of Mr. Satyendra Kumar Singh as a Non-Executive Nominee Director. The Board of Directors approved his appointment, which is effective from the date of approval by the Reserve Bank of India. Mr. Singh’s term is set to not exceed five years, subject to shareholder approval. He brings extensive experience from State Bank of India, including roles in credit, ESG, and international operations.
Board Strengthened with New Nominee Director
Asset Reconstruction Company (India) Limited (ARCIL) has appointed Mr. Satyendra Kumar Singh as a Non-Executive Nominee Director. The decision was ratified by the Board of Directors on September 1, 2026, following a recommendation from the Nomination and Remuneration Committee. This appointment marks a significant addition to the company’s governance structure.
RBI Approval and Director’s Tenure
The company received formal approval from the Reserve Bank of India (RBI) on October 30, 2026, for Mr. Singh’s appointment. His tenure as a Non-Executive Nominee Director will not exceed five (5) years. This appointment is also contingent upon the subsequent approval of the company’s shareholders during an upcoming general meeting, or within three months of his appointment date, whichever occurs first.
Director’s Profile and Experience
Mr. Satyendra Kumar Singh brings a wealth of experience in the financial sector. He holds a graduate degree in Economics and currently serves as the Chief Credit Officer and Chief Sustainability Officer at State Bank of India. In his current capacity, he is instrumental in shaping policy directions for credit and ESG matters, alongside overseeing credit approvals and processes. Previously, he held roles such as Deputy Manager Director (Commercial Clients Group), overseeing over 1000 corporate client relationships, and has had international assignments, including heading the London office from 2019 to 2022. He also worked with SBI Sydney, managing Operations, Compliance & Risk.
Assurance of Director’s Integrity
ARCIL affirms that Mr. Satyendra Kumar Singh is not currently debarred from holding the office of Director by any order from the Securities and Exchange Board of India or any other relevant authority. This confirmation assures stakeholders of his eligibility and unimpeded ability to serve on the board.
The detailed information required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the SEBI Circular dated January 30, 2026, is provided as ‘Annexure A’ to this letter. This information is also publicly accessible on the company’s website.
Source: BSE
