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?

Option 2 : Rakesh Sharma 

The correct answer is Rakesh Sharma.

• 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.

• 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.