Who has approved the appointment of Mahendra N Shah as managing director-designate of the company with effect from October 1, 2022, till September 30, 2023?

Today General Knowledge(GK)

IDBI Bank

Motilal Oswal

IDFC Ltd

DSP Mutual Fund

Correct Answer : Option (C) - IDFC Ltd

The Board of IDFC Ltd has approved the appointment of Mahendra N Shah as Managing Director (MD) - Designate with immediate effect.

He will be MD with effect from October 1, 2022, till September 30, 2023, subject to approval of the shareholders of the company and other applicable statutory/regulatory approvals, IDFC said in a regulatory filing on Wednesday(24th August 2022).

The term of Sunil Kakar as MD & CEO of the company will end at the close of business hours on September 30, 2022..

Source : The Hindu Businessline

Published On : August 26, 2022

Category : Banking

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