2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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State Bank Of India
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Reserve Bank Of India
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India Post Payments Bank (IPPB)
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South Indian Bank
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Detailed explanation-1: -The correct answer is Soma Sankara Prasad.
Detailed explanation-2: -Pursuant to the approval of Appointment Committee of the Cabinet, Shri Vineet Pandey, Secretary (Posts) has been appointed as Non – Executive Chairman of IPPB Board with effect from 9th June, 2021.
Detailed explanation-3: -On 7 January 2014, the Nachiket Mor committee submitted its final report. Among its various recommendations, it recommended the formation of a new category of bank called payments bank.
Detailed explanation-4: -The Reserve Bank has received recommendations from the External Advisory Committees on Payment Banks chaired by Dr. Nachiket Mor and on Small Finance Banks chaired by Smt. Usha Thorat.
Detailed explanation-5: -The Nationalisation Acts and the SBI Act vest powers with the Central Government to appoint the Chairmen and Managing Directors of the banks in consultation with the Reserve Bank. The majority of the directors in the case of public sector banks are also appointed by the Central Government.