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: -The Government of India recently announced the appointment of Shri K Satyanarayana Raju as the new Managing Director and CEO of Canara Bank. Shri L V Prabhakar has been replaced, and he left the office on 31st December 2022. Shri. K Satyanarayana Raju will begin the new role on 7th February 2023.

Detailed explanation-3: -The Bureau has recommended the name of Debadatta Chand for the position of MD & CEO in Bank of Baroda and Rajneesh Karnatak for MD & CEO in Bank of India, FSIB said in a statement. The selection was done by the BBB based on interviews held on Saturday.

Detailed explanation-4: -Sunil Mehta has forty years of proven leadership experience in banking, financial services, insurance and investments with leading global and domestic financial institutions namely Citibank, AIG, SBI, PNB and YES Bank amongst others. Mr. Mehta is the Chairman and Managing Director of SPM Capital Advisers Pvt.