CURRENT AFFAIRS

Detailed explanation-1: -Mr. Rakesh Sharma is a seasoned banker with a total stint of over 40 years in various Banks. He started his banking career in State Bank of India (SBI) and held various responsibilities in SBI.

Detailed explanation-2: -IDBI Bank will continue to operate as an ‘Indian private sector bank’ after its strategic sale and the government’s residual 15 per cent stake in the lender post privatisation will be considered as ‘public shareholding’, the finance ministry said on Sunday.

Detailed explanation-3: -Mr Kamal Kant Upadhyay (DIN 01557185) is MD & CEO at IDBI Capital Market & Securities Limited. IDBI Capital is full fledged financial services company inter-alia providing Investment Banking, Stock Broking, Portfolio Management and Research Services to Institutional and retail clients.

Detailed explanation-4: -The Board of Directors of IDBI Bank has once again appointed Suresh Kishinchand Khatanhar as the Deputy Managing Director (DMD) on December 28. The tenure of his service in this role will be effective for a period of one year with effect from January 15, 2023, as per approval of the RBI received in this regard.