Veteran Banker Arun Mehta Joins Edelweiss ARC as MD & CEO
Edelweiss Asset Reconstruction Company(EARC) has appointed veteran banker and former MD & CEO of SBI Capital Markets, Mr. Arun Mehta, as its Managing Director & Chief Executive Officer. The Reserve Bank of India has approved his appointment for a period of five years.
Mr. Mehta brings over four decades of experience across banking, financial services, and capital markets, spanning both domestic and international markets. During his long career with State Bank of India, which he joined in 1985, he held leadership positions across Corporate Banking, International Banking, Structured Finance, Loan Syndication, Equity Capital Markets, and Debt Capital Markets, including a stint in Hong Kong leading loan syndications and investments. He served as Managing Director & CEO of SBI Capital Markets (SBICAP), the investment banking arm of SBI, where he contributed meaningfully to shaping the institution’s growth agenda.He has also served as Non-Executive Chairman of SBICAP Securities Limited, SBI Ventures Limited, and SBICAP Trustee Company Limited, and has held board positions across several leading financial institutions, including Axis Trustee Services, IDBI Capital Markets& Securities, DSP Finance, and Investec Capital Services (India). A postgraduate in Economics, he is a Certified Associate of the Indian Institute of Bankers.
Mr. Mehta takes over from Ms. Mythili Balasubramanian, who served as Interim MD & CEO till September 2025, and Mr. R.K. Bansal, who, prior to that, led the company as MD & CEO for over a decade and played a significant role in building Edelweiss ARC into one of India’s leading asset reconstruction platforms.
Over the years, Edelweiss ARC has established itself as a key participant in India’s stressed asset resolution ecosystem, working closely with banks and financial institutions to support recovery, resolution, and capital recycling. The business has been involved in some of the country’s largest and most complex resolution situations and has contributed meaningfully to the evolution of the ARC industry. The company’s track record underscores this: cumulative recoveries over the last 10 years stood at ₹66,210 crore at the end of FY26, with recoveries of ₹8,590 crore in FY26 alone — up 50% year-on-year.
Mr. Mehta joins Edelweiss ARC at a pivotal moment in its journey. As the organisation enters its next phase of growth, the broader asset reconstruction and resolution landscape is also evolving. While large corporate resolutions continue to remain an important part of the market, new opportunities are emerging across segments, particularly within retail and MSME stressed assets, alongside increasing demand for specialised resolution, servicing, and fee-based capabilities. EARC’s own portfolio reflects this shift: it acquired ₹1,363 crore of retail assets in FY26, and the share of retail assets in capital employed rose to 29%, up from 18% a year earlier.
Against this backdrop, Edelweiss ARC is focused on strengthening its franchise, deepening its resolution capabilities across wholesale and retail assets, and expanding its role within India’s evolving stressed asset ecosystem as it transitions towards a more capital-efficient, fee-based model. Mr. Mehta’s experience across corporate banking, international banking, structured finance, loan syndication, and capital markets is expected to further strengthen the company’s ability to deliver on these strategic priorities and continue creating long-term value for all stakeholders.
