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Who has been appointed as the Managing Director and Chief Executive Officer of IDBI Bank for a period of 3 years with effect from 19 March 2022?

Who has been appointed as the Managing Director and Chief Executive Officer of IDBI Bank for a period of 3 years with effect from 19 March 2022? Correct Answer Rakesh Sharma 

The correct answer is Rakesh Sharma.

Key Points

  • IDBI Bank's board has approved the re-appointment of Rakesh Sharma as Managing Director and Chief Executive Officer of the company for a period of 3 years with effect from 19 March 2022.
  • He started his banking career in the State Bank of India (SBI).
  • He joined Canara Bank as MD and CEO in September 2015 and retired from the bank in July 2018.

Additional Information

  • Recent Bank Related Appointments:
    • The government has nominated Financial Services Secretary Sanjay Malhotra as a director on the board of SBI.
    • Axis Bank's board has approved the appointment of Ashish Kotecha, a nominee of Bain Capital, as an additional non-executive Director.
    • Kotak Mahindra Bank has appointed Ashu Suyash as an independent Director of the bank for a period of 5 years.
    • In December 2021, Ujjivan Small Finance Bank has appointed Ittira Davis as Managing Director and Chief Executive Officer (CEO) for a period of three years.
    • The Reserve Bank of India has approved the appointment of Baldev Prakash as Jammu & Kashmir Bank's Managing Director and CEO from 2022.

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