2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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IDBI Bank
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Union Bank
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Andhra Bank
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Axis Bank
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Detailed explanation-1: -Jayakumar S. Pillai Appointed as Deputy MD of IDBI Bank: IDBI Bank announced via an official filing that Jayakumar S. Pillai has been appointed as Deputy Managing Director on the bank’s Board.
Detailed explanation-2: -Detailed Solution. The correct answer is Rakesh Sharma. IDBI Bank’s board has approved the re-appointment of Rakesh Sharma as Managing Director and Chief Executive Officer of the company for a period of 3 years with effect from 19 March 2022. He started his banking career in the State Bank of India (SBI).
Detailed explanation-3: -The merger became effective from April 02, 2005. Merger of United Western bank with IDBI Ltd. The United Western bank Ltd.
Detailed explanation-4: -Rakesh Sharma. Mr. Rakesh Sharma is a seasoned banker with a total stint of over 40 years in various Banks.