BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
HDFC Bank had announced that the RBI had approved the re-appointment of Aditya Puri as MD and CEO of the bank. Now, he will be serving the bank till____
A
2020
B
2021
C
2022
D
2019
Explanation: 

Detailed explanation-1: -"I am absolutely delighted that RBI has approved Sashidhar Jagdishan’s name, ” Aditya Puri, who retires upon achieving the age of 70, said.

Detailed explanation-2: -Private sector lender HDFC Bank on Friday said the Reserve Bank of India has approved appointment of former Economic Affairs Secretary Atanu Chakraborty as the part-time chairman of the bank.

Detailed explanation-3: -Detailed Solution. Reserve Bank of India has given permission to the appointment of Sashidhar Jagdishan as the chief executive and managing director of HDFC Bank. Sashidhar Jagdishan who has been with the HDFC bank since 1996 as the “change agent” will succeed Aditya Puri.

Detailed explanation-4: -Sashidhar Jagdishan, managing director (MD) and chief executive officer (CEO) of HDFC Bank, received a remuneration of Rs 6.51 crore. FY22 was the first full year of the HDFC Bank CEO who took charge in October 2020.

Detailed explanation-5: -In December 2020, the RBI had barred HDFC Bank from issuing new cards and introducing new digital initiatives after repeated instances of technological outages at the lender, which is the market leader in the credit cards segment.

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