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Correct Answer : 15 years
The Reserve Bank of India (RBI) has capped the tenure of managing directors (MDs) and chief executive officers (CEOs) and whole-time directors (WTDs) of private banks at 15 years from the date of appointment. For CEOs who are part of the promoter group or large shareholder, the tenure is capped at 12 years.
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.
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.
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.
