CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Uday Kotak has announced to step down as the Chairman from the board of which of the following company?
A
Dewan Housing Finance Corporation
B
Infrastructure Leasing & Financial Services (IL & FS)
C
India Infoline
D
Power Finance Corporation
Explanation: 

Detailed explanation-1: -Along with that, banker Uday Kotak who had been appointed non-executive chairman of IL&FS as part of a board constituted by the government, will step down as his term ends on April 2, 2022. CS Rajan will take over as chairman thereafter.

Detailed explanation-2: -The ministry of corporate affairs (MCA) appointed Nand Kishore as managing director (MD) of crisis-hit Infrastructure Leasing and Finance Ltd (IL&FS), while incumbent MD CS Rajan has been made non-executive chairman.

Detailed explanation-3: -Non-Executive Chairman Mr. CHANDRA SHEKHAR RAJAN, Non-Executive Chairman of the Company, is an IAS Officer of the 1978 Batch, who retired as Chief Secretary, Rajasthan, on June 30, 2016. He then served as Deputy Chairman, Chief Minister’s Advisory Council till December 2018.

Detailed explanation-4: -Uday Kotak, aged 62 years, holds a Bachelor’s degree in Commerce and a MMS degree from Jamnalal Bajaj Institute of Management Studies, Mumbai and was appointed as a Director on 21st November, 1985. He is the Managing Director & CEO of the Bank and also its promoter. Under Mr.

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