The Appointments Committee of the Cabinet (ACC) has approved the appointment of whom as the Managing Director and Chief Executive Officer of UCO Bank in December 2021?

The Appointments Committee of the Cabinet (ACC) has approved the appointment of whom as the Managing Director and Chief Executive Officer of UCO Bank in December 2021? Correct Answer <span style="">Soma Sankara Prasad</span>

The correct answer is Soma Sankara Prasad.

Key Points

  • The Appointments Committee of the Cabinet (ACC) has approved the appointment of Soma Sankara Prasad as Managing Director and Chief Executive Officer in UCO Bank with effect from February 1, 2022.
  • He will serve as MD & CEO of UCO Bank till the date of attaining the age of superannuation on May 31, 2023.
  • In December 2021, he is serving as the Deputy Managing Director at the State Bank of India.

Additional Information

  • Important Appointments in December 2021.
    • The Indian Olympic Association of India (IOA) has appointed Harjinder Singh as the Chef de Mission of the country’s contingent for the upcoming 2022 Winter Olympics in Beijing.
    • Equitas Small Finance Bank Limited board of directors has approved the proposal for the re-appointment of Vasudevan Pathangi Narasimhan (PN) as the MD & CEO.
    •  
    • On December 22nd, 2021, Atul Dinkar Rane has been appointed as BrahMos Aerospace CEO & MD.
    • On December 8th, 2021, the Federation of Indian Chambers of Commerce and Industry (FICCI) announced that Sanjiv Mehta will be appointed as its President.
    • Vivek Johri has been appointed as the new Chairman of the Central Board of Indirect Taxes and Customs (CBIC) on November 30th, 2021.
      • UCO Bank Headquarters: Kolkata.
      • UCO Bank MD and CEO: Soma Sankara Prasad.
      • UCO Bank Founder: Ghanshyam Das Birla.
      • UCO Bank Founded: 6 January 1943.​

Related Questions

In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: In a bid to find a successor to founder CEO Rana Kapoor, The Yes Bank has formed a five member panel including two members from outside the bank, less than a week after Reserve Bank of India (RBI) cut short his tenure until January 31 2019. In a press release sent to the exchanges late on Tuesday evening, Yes Bank said that the “search and selection committee” would comprise of three members of the bank’s nomination and remuneration committee and also two external members, which the bank did not specify.  Courses of action: I. However, the board has requested the Reserve Bank of India (RBI) to grant an extension to Kapoor up to September 2019 ‘for finalization of audited financial statements for fiscal year ending March 2019 and in order for the statutory AGM process to be completed’. II. The board has also recommended the elevation of senior group presidents Rajat Monga and Pralay Mondal as executive directors ‘to ensure a long term succession plan within Yes Bank, and given the demonstrated track record of these two senior leaders’. All this will be subject to RBI approval.  III. The panel will comprise of five members and will focus on find a successor to Rana Kapoor.