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RBI approves re-appointment of whom as Managing Director and CEO of City Union Bank?
A)
K G Mohan B
B)
Atul Kumar Goel
C)
Sashidhar Jagdishan
D)
N Kamakodi

Correct Answer :   N Kamakodi


Kumbakonam-based City Union Bank (CUB) on Wednesday (26th April 2023), said the Reserve Bank of India (RBI) has approved the reappointment of N. Kamakodi as Managing Director and CEO for a period of three years with effect from May 1, 2023.

* The RBI has given its approval vide letter dated April 26, 2023, for the appointment of N. Kamakodi as MD of the bank, City Union Bank said in a regulatory filing.

* Kamakodi joined the bank as deputy general manager in 2003 and was later elevated to general manager in 2005.

* In 2006, he was appointed as executive director. From May 2011, he was serving the bank as its managing director and chief executive officer.

* The bank registered a net profit of Rs 217.83 crore for the October-December 2022 quarter. Net profit for the quarter ending December 31, 2022, was at Rs 196.11 crore in the corresponding period of last year.

* The total income during the quarter under review grew to Rs 1,429.97 crore from Rs 1,195.24 crore registered in the same period of the 2022..

Source : CNBC

Published On : April 27, 2023
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