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Daily Current Affairs 22 February 2024


16. Which Indian bank appointed Srinivasan Sridhar as the part-time non-official Director and non-executive Chairman?

A. Bank of India (BOI)

B. Indian Overseas Bank (IOB)

C. UCO Bank

D. State Bank of Mauritius (SBM) Bank India

Discuss Work Space

Answer: option b

Explanation:

Srinivasan Sridhar was appointed as the part-time non-official Director and non-executive Chairman of the Indian Overseas Bank (IOB). This appointment, made by the Appointments Committee of the Cabinet (ACC), signifies a key leadership change within the banking sector, aimed at driving growth and stability in IOB.

17. Who was appointed as the Managing Director & Chief Executive Officer (MD & CEO) of SBM Bank India?

A. M R Kumar

B. Srinivasan Sridhar

C. Aravamudan Krishna Kumar

D. Ashish Vijayakar

Discuss Work Space

Answer: option d

Explanation:

Ashish Vijayakar was appointed as the Managing Director & Chief Executive Officer (MD & CEO) of SBM Bank India, a subsidiary of the State Bank of Mauritius. His appointment, effective from February 17, 2024, was approved by the Reserve Bank of India (RBI), highlighting his wealth of expertise in various aspects of banking and business management.


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