Which bank has appointed Sitikantha Pattanaik and Rajiv Ranjan as Executive Directors in May 2022?

State Bank Of India

Reserve Bank of India

Indian Bank

Union Bank of India

Correct Answer : Reserve Bank of India

* The Reserve Bank on Friday(13th May 2022) said Sitikantha Pattanaik and Rajiv Ranjan have been appointed as executive directors with effect from May 1st, 2022.

* Ranjan will also serve as an ex-officio member of the rate-setting panel Monetary Policy Committee (MPC).

* Prior to being promoted as ED, Pattanaik was an Adviser in the Department of Economic and Policy Research (DEPR), while Ranjan was serving as Adviser-in-Charge of Monetary Policy Department and Secretary to the MPC.

* RBI said as Executive Director (ED), Pattanaik will look after the Department of Economic and Policy Research, while Ranjan will take care of the Monetary Policy Department.

* Ranjan has a PhD in economics from Mumbai University and holds a Masters degree in economics from the Delhi School of Economics.

* Pattanaik has a PhD in economics from the University of Mumbai..

Source : Business Standard

Published On : May 17, 2022

Recent Updates in Banking - General Knowledge Questions

Q .

Which bank appointed Amitava Chatterjee as its new MD & CEO, effective December 30, 2024?

Axis Bank

J&K Bank

State Bank of India

Punjab National Bank

Correct Answer : J&K Bank

* Amitava Chatterjee, previously serving as Deputy Managing Director at State Bank of India, has been appointed as the new Managing Director and Chief Executive Officer of J&K Bank.

* He will succeed Baldev Prakash, whose term concludes on December 29, 2024. Chatterjee's tenure as MD & CEO will span three years, beginning December 30, 2024.

Published On : December 27, 2024

Category : Banking

Q .

Which bank partnered with Tata Power Renewable Energy to provide financing for rooftop solar installations under the PM Surya Ghar Scheme?

SBI

HDFC Bank

Bank of Baroda

Canara Bank

Correct Answer : Canara Bank

* Tata Power Renewable Energy has partnered with Canara Bank to offer affordable loans for rooftop solar installations as part of the PM Surya Ghar Scheme.

* This initiative provides financing options with favorable terms, including low-interest rates and long repayment periods, for systems ranging from up to 3 kW to 10 kW capacity.

* The collaboration aims to promote clean energy adoption, supporting India’s renewable energy targets and enabling residential customers to transition to sustainable energy solutions.

Published On : December 22, 2024

Category : Banking

Q .

Which bank collaborated with Times Internet to launch the 'Times Black Credit Card'?

ICICI Bank

Axis Bank

SBI Bank

HDFC Bank

Correct Answer : ICICI Bank

* ICICI Bank partnered with Times Internet to introduce the ‘Times Black ICICI Bank Credit Card,’ a super-premium co-branded card targeting high-net-worth individuals (HNIs) in India.

* Designed with a unique metallic finish, it incorporates exclusive benefits such as global lounge access, concierge services, and a rewards program, catering to the luxurious lifestyle of affluent customers.

Published On : December 22, 2024

Category : Banking