CURRENT AFFAIRS

Detailed explanation-1: -Q. A. Manimekhalai became the first female MD & CEO of which bank that has recently set “RACE” for growing business as its aim for the year? Notes: Manimekhalai, who became UBI’s first female leader on June 7th, emphasised that the bank has set “RACE” for enhancing business.

Detailed explanation-2: -Manimekhalai is the first woman MD and CEO of Union Bank of India and replaces Rajkiran Rai. G who held the position of Union Bank chief since 2017.

Detailed explanation-3: -Friday June 3, 2022, By Team Avtar Manimekhalai as the new MD and CEO of Union Bank of India. Replacing Rajkiran Rai G, she is the first woman to hold the post at the bank.

Detailed explanation-4: -Shri Srinivasan Varadarajan assumed office as Part-Time Non-Official Director as well as Non-Executive Chairman of the Bank on November 7, 2022. He has to his credit, more than three decades of experience in Banking and Financial services.

Detailed explanation-5: -Answer: Option A Explanation: The fifth largest Public Sector Bank in India, the Union Bank has set “RACE” - grow RAM loans, improve Asset quality, increase CASA and increase Earnings - as its goal for the year.