CURRENT AFFAIRS

Detailed explanation-1: -New Delhi/ Mumbai: Shanti Lal Jain has been appointed Managing Director and Chief Executive Officer of Indian Bank for three years, a Personnel Ministry order issued on Thursday said. Jain is currently Executive Director (ED), Bank of Baroda.

Detailed explanation-2: -Ajay Kumar Srivastava has been elevated as Managing Director and CEO of Indian Overseas Bank with effect from January 1, 2023 from his current posting as executive director.

Detailed explanation-3: -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-4: -South Indian Bank. Mr. Salim Gangadharan is the Chairman and Non-Executive Independent Director of the Board of our Bank.

Detailed explanation-5: -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.