BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The government of India cleared the appointment of CEOs and MDs at 10 Public Sector Banks recently. Who has been appointed as MD and CEO of Indian Bank?

A	Pallav Mohapatra
B	Karnam Sekar
C	Padmaja Chundru
D	Mrutyunjay Mahapatra

Explanation:

Detailed explanation-1: -Padmaja Chundru (DMD, SBI) appointed MD & CEO of Indian Bank for tenure ending Aug 2021. Pallav Mohapatra (DMD, SBI) appointed MD & CEO of Central Bank of India for a tenure ending Feb 2021. J Packirisamy (DMD, SBI) appointed MD & CEO of Andhra Bank for a period ending Feb 2021.

Detailed explanation-2: -The correct answer is Bank Boards Bureau. Bank Board Bureau is responsible for the selection and appointment of the Board of Directors in Public Sector Banks, MD and CEO and Financial Institutions.

Detailed explanation-3: -The Centre has extended the tenure of managing director (MD) and CEO of Bank of Baroda (BoB) Sanjiv Chadha for about five months till 30 June, 2023. The order comes ahead of his three-year tenure that ends on 19 January.

Detailed explanation-4: -The Reserve Bank of India (RBI) on Tuesday said managing directors (MDs) and chief executive officers (CEOs) of asset reconstruction companies (ARCs) cannot have more than three terms in office, with each term not exceeding five years.

Detailed explanation-5: -Shri Shanti Lal Jain assumed charge as Managing Director and Chief Executive Officer of Indian Bank on 1st September 2021.

There is 1 question to complete.