CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Reserve Bank of India (RBI) has approved the re-appointment of Sandeep Bakhshi, MD & CEO of which bank with effect from October 15, 2021, till October 3, 2023?
A
HDFC
B
SBI
C
PNB
D
ICICI
Explanation: 

Detailed explanation-1: -The re-appointment period to start from October 4, 2023. The board of directors of ICICI Bank has re-appointed Sandeep Bakhshi as the bank’s managing director (MD) and chief executive officer (CEO) for a period of three years, the bank said in a regulatory filing.

Detailed explanation-2: -Subject to the consent of the Reserve Bank of India (RBI) and the Bank’s shareholders, the re-appointment tenure will run from October 4, 2023, to October 3, 2026. Bakhshi has been in charge of the bank since October 15, 2018. He formerly served as Wholetime Director and Chief Operating Officer (COO).

Detailed explanation-3: -ICICI Bank’s board of directors has reappointed Sandeep Bakshi as the managing director (MD) and chief executive officer (CEO) for a period of three years, said in a regulatory filing. The tenure Sandeep Bakshi was till October 3, 2023.

Detailed explanation-4: -Sandeep Bakhshi, MD and CEO of ICICI Bank, received a remuneration of Rs 7.08 crore in FY22.

There is 1 question to complete.