Current Affairs   »   Appointments Current Affairs 2023   »   NABARD named Shri Shaji KV as...

NABARD named Shri Shaji KV as Chairman

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K V Shaji has been named Chairman of the National Bank for Agriculture and Rural Development (NABARD). He formerly served as NABARD’s Deputy Managing Director (DMD) till May 21, 2020. He is an agricultural graduate with a PGDM in Public Policy from the Indian Institute of Management (IIM) in Ahmedabad.

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Prior to joining NABARD:

  • He spent 26 years in various roles at Canara Bank. In Canara Bank’s corporate office, he was in charge of strategy, planning, and business development. He also played a role in the merger of Syndicate Bank and Canara Bank.
  • He previously worked for the National Payments Corporation of India (NPCI) and Kerala Gramin Bank, the country’s largest regional rural bank. From 2013 until 2017, he served as the Chairman of Kerala Grameen Bank. Shaji KV is a Thiruvananthapuram native.

About the NABARD:

National Bank for Agriculture and Rural Development (NABARD) is an apex regulatory body for overall regulation of regional rural banks and apex cooperative banks in India. It is under the jurisdiction of Ministry of Finance, Government of India. The bank has been entrusted with “matters concerning policy, planning, and operations in the field of credit for agriculture and other economic activities in rural areas in India”. NABARD is active in developing and implementing financial inclusion.

Who is the founder of NABARD?

Indira Gandhi on 05 November 1982. Set up with an initial capital of Rs.100 crore, its’ paid up capital stood at Rs.17,080 crore as on 31 March 2022.

 

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