RBI approves appointment of Sandeep Bakshi as Managing Director and CEO of ICICI Bank
The ICICI Bank was originally established by ICICI Limited as a wholly owned subsidiary in 1994. Though, Industrial Credit and Investment Corporation of India (ICICI) was formed in 1955 as a joint-venture of the World Bank, the Government of India (GoI) and representatives of Indian industry. The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses. Recently, it is in news because the Reserve Bank of India (RBI) has approved appointment of Sandeep Bakshi as Managing Director and CEO of the private sector lender ICICI Bank for 3 years. He succeeded Chanda Kochhar, who is facing enquiry over the charges of nepotism and conflict of interest. Ms Kochhar had quit the bank on October 4 before her current tenure was to end. She also resigned from all subsidiaries of the bank, including ICICI Securities where she had sought reappointment as the chairperson.
G-sec acquisition programme – G-SAP 1.0
The Reserve Bank of India recently announced a Government Security Acquisition Programme, GSAP 1.0. ...
Top 5 Current Affairs Questions on La Perouse
India will be joining a French naval exercise in the Bay of Bengal this month. It is the first Frenc...
What is KV Kamath Committee?
The Reserve Bank of India had constituted a five-member expert committee under KV Kamath. He was the...
Where does India stand globally in terms of COVID-19 testing?
The globe is fighting with COVID-19. There are nearly 7 lakh people who are currently infected by th...
How is the satellite data used for Farm credit assessment by banks?
Indian multinational banking and financial services provider ICICI Bank has announced that it is goi...
|View All E-Books: Recent Release|