CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Reserve Bank of India (RBI) approved the appointment of V Vaidyanathan as MD and CEO of which bank for a period of three years?
A
IDFC First Bank
B
IDBI Bank
C
RBL Bank
D
Axis Bank
Explanation: 

Detailed explanation-1: -RBI approves appointment of V Vaidyanathan as MD, CEO of IDFC First Bank - The Economic Times.

Detailed explanation-2: -The re-appoint is for three years. V Vaidyanathan, Managing Director & Chief Executive Officer, IDFC FIRST Bank.

Detailed explanation-3: -Mr. V. Vaidyanathan is the first Managing Director and CEO of IDFC FIRST Bank, a bank founded by the merger of Capital First and IDFC Bank in December 2018. With over two decades in financial services in India, V.

Detailed explanation-4: -While the appointments are made by the appointment committee of the cabinet headed by the Prime Minister, the candidates are selected by a Financial Services Institutions Bureau – a body set up under the department of financial services, which replaced the Banks Board Bureau.

Detailed explanation-5: -To recommend the selection and appointment of Board of Directors in Nationalised Banks, Financial Institutions and Public Sector Insurance Companies (Whole Time Directors and Chairman);

There is 1 question to complete.