The government of India has granted Union Bank of India’s MD and CEO a two-year extension amid the bank’s ongoing merger exercise. Who is the MD and CEO of the bank?

The government of India has granted Union Bank of India’s MD and CEO a two-year extension amid the bank’s ongoing merger exercise. Who is the MD and CEO of the bank? Correct Answer Rajkiran Rai

Option 4 is correct i.e. Rajkiran Rai.

  • The government of India has granted Union Bank of India’s MD and CEO, Rajkiran Rai, a two-year extension amid the bank’s ongoing merger exercise.
  • The government, through the department of financial services of the finance ministry, issued the order on the day Rai’s term was to end.
  • Rai’s term, which was to end on June 30, 2020 has now been extended till May 31, 2022, or until further orders.

Related Questions

In each question below, a statement is given numbered I, II and III. An assumption is something which is supposed or taken for granted. You have to consider the following assumptions and decide which of the assumptions is implicit in the statement. Statement: An initial meeting for a military exercise, which was scheduled to be conducted in September as part of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) nations, was held at headquarters of Army's Southern Command, Pune this week, the Army said today. Armies of the BIMSTEC countries comprising India, Sri Lanka, Bangladesh, Bhutan, Nepal, Thailand and Myanmar would be participating in the BIMSTEC Military Exercise (MILEX) from September 10 to 16 at the Foreign Training Node, Pune, the Army said in a statement.  Assumptions: I. The aim of the conclave was to exchange ideas between the senior-most Army leadership of these regional nations in order to enhance operational synergy. II. The aim of the exercise was to create synergy, better understanding and evolve an institutionalized military forum for regional cooperation in the field of counter-terrorist operations among the member states.  III. The exercise would culminate in a chiefs' conclave scheduled on September 15 and 16, where the heads of the armies of the seven participating nations would get together to review this multi-nation exercise.
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.
Recently the Union Government announced the merger of Syndicate Bank with Canara Bank and Corporation Bank with Union Bank of India. In this background, which of the following is not correct ?
The question given below consists of a statement, followed by three arguments numbered I, II and III. You have to decide which of the arguments is/are ‘strong’ arguments and which is/are ‘weak’ arguments and accordingly choose your answer from the alternatives given below each question. Statement: A shortage of bank branches and ATMs across India’s hinterland is holding back Prime Minister Narendra Modi’s financial inclusion efforts and risks angering rural voters ahead of elections next year. After taking office in 2014, Modi set an ambitious target to open a bank account for every household to ensure welfare funds flow directly to India’s poor, while improving access to credit and insurance programs. He pushed policies that helped bring 310 million people into the formal banking system in just four years, according to the World Bank. Based on the arguments stated below and he information stated above, which of the following arguments state the reason for the problem, ‘But many of India’s villages still lack bank branches or ATMs to help service new customers, while the pace of building new financial infrastructure has actually slowed’.  Arguments: I. Because Modi’s government effectively forced poor citizens into the banking system by linking some welfare benefits to bank accounts, villagers have ended up stuck in long queues and struggling with ATMs that often run out of cash or break down.  II. With an election due next year, the mismatch between the government’s policies and the rural banking system is generating frustration among a key slice of India’s electorate. III. The banking system struggled to keep up, while some gains proved temporary. Nearly half of Indian bank accounts were inactive in 2017, meaning they weren’t used at all in the previous 12 months
Read the passage carefully and select the best answer to each question out of the given four alternatives. By practicing mindfulness and other principles, we become more aware of and present to our fears and others fears, bearing witness as a way of healing andempowering. We see the spiritual path as intertwined with the path of social action, with contemplation and action parts of the same whole, each nourishing andguiding the other. Acknowledging that our well-being depends on others makes caring for others well-being a moral responsibility.
Through a “mindful citizen” exercise, we create a story articulating who we are as individuals who are also part of communities. This exercise helps us move beyond cynicism, complacency, and despair, instead infusing us with a sense of purpose. We embrace our gifts, resolving to do our part to promote a sense of common humanity as a means toward social justice.
With this exercise, I believe we can help students bridge their divides and replace anger and distrust with compassionate connections – just as I witnessed betweenShirley and Tiffany.
Shirley returned to class after a brief hiatus, keeping a cool distance from Tiffany. But over the weeks spent together they gradually came to know each other. They practiced seeing and listening, sharing stories so different that they felt bewildered as to how they could overcome the gap. But they found that acknowledging their differences led them to discover a place of deep connection in commonalities, such as being raised by grandmothers, and even wounds, including childhood trauma,that they never imagined existed.
In assessments of these classes, students say that these small groups become “healing communities,” where we overcome victimization and claim agency. Healingoccurs as we transcend an “us vs. them” mentality, crossing borders and forging connections. These communities show a way of reducing intergroup prejudice andfostering inclusion based in psychology research and pedagogical practice. What does the “mindful citizen” exercise help us in?