arcil-arms
Sharad Prasad is an accomplished technology executive with extensive experience in the banking and financial services sector. Currently serving as Vice President and Technology Head at Asset Reconstruction Company (India) Ltd. since August 2007, Sharad Prasad oversees the BFSI Module as Project Head and Data Architect, focusing on core systems for collection and recovery, document management, loan restructuring, mobile applications, and management information systems. Additionally, Sharad Prasad holds the position of Chief Information Security Officer at arcil-arms since August 2014, certified as a CISA professional. Previously, from January 2001 to August 2007, Sharad Prasad worked at State Bank of India as Manager Technical, where responsibilities included project management and the development of NPA provisioning tools and systems compliant with Basel II. Sharad Prasad holds a Master of Computer Applications degree from BITS Mesra and pursued studies at St. Xavier's College.
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arcil-arms
Welcome to Arcil! The first asset reconstruction company (ARC) in the country to commence the business of resolution of non-performing loans (NPLs) acquired from Indian banks and financial institutions. It commenced business consequent to the enactment of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (Securitisation Act, 2002). As the first ARC, Arcil played a pioneering role in setting standards for the industry in India. It has been spearheading the drive to recreate value out of NPLs and in doing so, it continues to play a proactive role in reenergizing the Indian industry through critical times. In 2008, Arcil launched a retail NPL resolution initiative through Arcil-Arms (a division of Arcil).