CURRENT AFFAIRS

Detailed explanation-1: -Usha Ananthasubramanian becomes first woman chairman of IBA.

Detailed explanation-2: -Usha Ananthasubramanian, MD and CEO of Allahabad Bank, was elected the first woman chairman of Indian Banks’ Association (IBA) for the year 2017-18.

Detailed explanation-3: -Executive director. Member of share transfer committee.

Detailed explanation-4: -Ranjana Kumar is the first woman to become Chairman and MD of a public sector bank in India. She has served as chairperson and managing director of Indian Bank and executive director of Canara Bank. When she was appointed, the Indian Bank was burdened with huge losses, but she ensured a turnaround of the bank.

Detailed explanation-5: -Earlier, he was the Chairman of Standing committee on Accounting Standards & Taxation & also Standing Committee on Retail Banking of Indian Banks’ Association (IBA). On 14th October 2021, Managing Committee of IBA elected Shri Goel as Chairman of IBA.