CURRENT AFFAIRS

Detailed explanation-1: -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.

Detailed explanation-2: -MALLIKARJUNA RAO The Appointments Committee of the Cabinet (ACC) has approved the appointment of Atul Kumar Goel, MD & CEO of UCO Bank, as MD & CEO of Punjab National Bank (PNB) with effect from February 1 next year. Goel will serve as PNB chief until December 31, 2024, which is his attaining the superannuation age.

Detailed explanation-3: -Government of India announced Amalgamation of Allahabad Bank – a bank with 155 years legacy into Indian Bank. Bank commenced its operation as an amalgamated entity from 1st April 2020. The integration of CBS systems of both the Banks was completed on 14.02. 2021.

Detailed explanation-4: -In the managing committee meeting on Thursday, IBA members also elected State Bank of India chairman Dinesh Kumar Khara, Canara Bank CEO L V Prabhakar and IDBI Bank CEO Rakesh Sharma as deputy chairmen of the IBA.

Detailed explanation-5: -Union Bank of India has been awarded as winner under Large Banks category (Public and Private) for 1. Best Technology Bank 2.