CURRENT AFFAIRS

Detailed explanation-1: -Shri Shaji K V assumed charge as Chairman of NABARD on 7th December 2022.

Detailed explanation-2: -Shaji K V has taken the charge as Chairman of National Bank for Agriculture and Rural Development (NABARD) with effect from December 7, 2022, the government on Monday informed Parliament.

Detailed explanation-3: -Indira Gandhi on 05 November 1982. Set up with an initial capital of Rs.100 crore, its’ paid up capital stood at Rs.17, 080 crore as on 31 March 2022. Consequent to the revision in the composition of share capital between Government of India and RBI, NABARD today is fully owned by Government of India.

Detailed explanation-4: -Notes: The Financial Services Institutions Bureau (FSIB) recommended Mohammad Mustafa as the Chairman of National Bank for Agriculture and Rural Development (NABARD).

Detailed explanation-5: -OWNERSHIP NABARD is wholly owned by Government of India.