Who has Appointed as Deputy Managing Director of IDBI Bank?

Daily Current Affairs

Shanti Lal Jain

Atul Kumar Goel

Jayakumar S. Pillai

Kaizad Bharucha

Correct Answer : Jayakumar S. Pillai

IDBI Bank announced via an official filing that Jayakumar S. Pillai has been appointed as Deputy Managing Director on the bank’s Board.

The appointment has been approved by the bank’s board of directors and is valid for a period of three years starting from the date he assumes office, as authorized by the RBI.

Jayakumar S. Pillai Appointed as Deputy MD of IDBI Bank :

* Jayakumar S. Pillai brings a wealth of experience to his new role, having worked for 32 years and 7 months at Canara Bank.

* During his tenure, he has held leadership positions in various branches across different locations, gaining extensive expertise in branch banking, retail resource mobilization, credit delivery in sectors such as Retail, Agriculture, MSME, and Recovery.

* Additionally, he served as the Chief Executive of Canara Bank’s UK operations for more than four years, where he gained valuable experience in international banking.

* Furthermore, Pillai has served as the Wing Head in the Bank’s mid-corporate credit department at the Head Office.

* He also held the positions of Chairman of the Bank’s Credit Committee at the Head Office and Chairman of the General Manager’s Credit approval committee, providing him with valuable insights into RAM sectors, Corporate Credit, and the handling of stressed assets.

* Presently, he holds the position of Chief General Manager and Circle Head at Canara Bank, Mumbai..

Source : Marketscreener

Published On : May 26, 2023

Understanding Thalassaemia :

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Published On : May 8, 2024

Q .

In which state was the 'School on Wheels' initiative launched on 5th May 2024?

Manipur

Assam

Gujarat

Himachal Pradesh

Correct Answer : Option (A) - Manipur

Manipur government launched the "School on Wheels" initiative aiming to impart education to students sheltered in relief camps in the state following the year long ethnic strife in the state. The state government has closed schools and colleges following the severe hailstorm on Sunday (5th May 2024).

Manipur Governor Anusuiya Uikey on Sunday (5th May 2024) launched the "School on Wheels" initiative.

The initiative, inaugurated by Governor Anusuiya Uikey, entails a mobile educational setup equipped with a library, computers, and sports items, accompanied by a teacher, to visit various camps.

Addressing Educational Needs Amidst Crisis :

The “School on Wheels” initiative addresses the educational gap caused by the year-long ethnic conflict and subsequent displacement, particularly impacting the student population of Manipur. Governor Uikey emphasizes the significance of reaching out to students in relief camps and providing them with essential education during this challenging period.

Empathy and Support for Displaced Individuals :

Acknowledging the plight of displaced individuals, Governor Uikey expresses her empathy and pledges support by directing the state authorities to facilitate a process for the permanent settlement of those residing in relief camps. This comprehensive approach aims to not only provide immediate educational support but also work towards long-term solutions for the affected communities.

Published On : May 8, 2024

Q .

Who has been appointed as the MD and CEO of Ujjivan Small Finance Bank with effect from 1 July 2024?

Abhinav Saini

Abhishek Kapoor

Ajay Kumar Sinha

Sanjeev Nautiyal

Correct Answer : Option (D) - Sanjeev Nautiyal

Ujjivan Small Finance Bank said that Reserve bank of India (RBI) has approved the appointment of Sanjeev Nautiyal as the managing director (MD) & chief executive officer (CEO) of the bank for the period of 3 years with effect from 1 July 2024.

He will join the Bank much prior to his taking charge as the MD & CEO and be designated as the President in the interim.

Sanjeev Nautiyal holds a Bachelors degree in Arts and a Masters degree in Business Administration. He is also a Certified Associate of the Indian Institute of Bankers. He is a banker with over three decades of extensive strategic domain expertise in retail, SME, financial inclusion, operations, HR, international banking, and treasury.

Published On : May 8, 2024