Question : RBI has recently(January 2022) approved the appointment of Ittira Davis as managing director & chief executive officer of —
a. Ujjivan SFB
b. Sjjivan SFB
c. Magnum SFB
d. None of the above
Ans. a.
Related facts —
- RBI has recently(January 2022) approved the appointment of Ittira Davis as managing director & chief executive officer of Ujjivan SFB for a period of one year.
- Newly appointee MD & CEO has been associated with Ujjivan since March 2015 and taken charge on January 14, ending a three-month vacuum at the top executive slot at the bank following the sudden exit of Nitin Chugh.
- It is notable that SC(Special Committee) of directors of the bank board which was formed to oversee the operations and administration in the absence of a managing director, was dissolved with effect from January 13.
By – Pankaj Pandey