Bookmark Bookmark

NEW CHAIRMAN AND MANAGING DIRECTOR OF SIDBI

NEW CHAIRMAN AND MANAGING DIRECTOR OF SIDBI

Context:

Recently, S Ramann has been designated as the new Chairman and Managing Director of Small Industries and Development Bank of India (SIDBI) by the Government of India.

About:

  • The appointment is for 3 years.
  • His name was suggested by the Banks Board Bureau.

Banks Board Bureau:

  • It is an autonomous and an advisory body of GOI.
  • It aims at improving the governance of Public sector banks.
  • It recommends the top level appointments of financial institutions to the GoI.
  • It was set up in 2016.

S Ramann:

  • He is as of now the CEO of National E-Governance Services Limited.

SIDBI:

  • Small Industries Development Bank of India (SIDBI) is the apex regulatory agency for Microfinance Institutions in India.
  • It comes under the jurisdiction of the Ministry of Finance, Government of India.
  • It is headquartered at Lucknow.
  • It is one of the 4 All India Financial Institutions regulated and supervised by the Reserve Bank of India (RBI).

You might be interested:

PRADHAN MANTRI AWAS YOJANA-GRAMIN (PMAY-G)

PRADHAN MANTRI AWAS YOJANA-GRAMIN (PMAY-G) Context: The Ministry of Rural Development recently announced that under the PMAY-G, 92% target has been achieved in the first phase of the scheme. Achieveme ...

a week ago

RBI ON PREPAID PAYMENT INSTRUMENTS

RBI ON PREPAID PAYMENT INSTRUMENTS Context: The Reserve Bank of India recently made 3 main changes to the Prepaid Payment Instruments. Prepaid Payment Instruments (PPI): PPI implies through which the ...

a week ago

INDIA H2 ALLIANCE

INDIA H2 ALLIANCE Context: The Global energy and industrial majors have joined together to form the India H2 Alliance. Key Points: The plan to frame the collusion was started by the Reliance busines ...

a week ago

INS SARVEKSHAK

INS SARVEKSHAK Context: INS Sarvekshak is on a deployment to Mauritius for undertaking joint hydrographic surveys along with their Mauritian counterparts. About: The ship visited Port Louis, Mauritiu ...

a week ago

DELHI GOVERNMENT’S ‘LAB ON WHEELS’ PROGRAMME

DELHI GOVERNMENT’S ‘LAB ON WHEELS’ PROGRAMME Context: Manish Sisodia, Delhi Education Minister has inaugurated Delhi Technological University's 'Lab on Wheels' programme. About: Thi ...

a week ago

TRANSFER TENURE OF CENTRAL VIGILANCE COMMISSION OFFICERS

TRANSFER TENURE OF CENTRAL VIGILANCE COMMISSION OFFICERS Context: According to new guidelines, in how many years Central Vigilance Commission officers will be transferred every 3 years from now onwar ...

a week ago

Provide your feedback on this article: