Rakesh Sharma again appointed as MD & CEO of IDBI Bank

Industrial Development Bank of India (IDBI Bank) has informed the stock exchanges that its board has approved the reappointment of Rakesh Sharma as the managing director and chief executive officer of the bank for a period of three years, effective March 19, 2022. Sharma’s reappointment as the MD&CEO of the bank has received the banking regulator, Reserve Bank of India’s (RBI) nod.

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Previous experience of Rakesh Sharma:

Sharma was previously the MD&CEO of Canara Bank and retired from this position in July 2018. Prior to that, he served as the MD&CEO of Laxmi Vilas Bank from March 2014 to September 2015. He was previously associated with the State Bank of India (SBI).

Important takeaways for all competitive exams:

IDBI Bank Owner: Life Insurance Corporation;
IDBI Bank Headquarters: Mumbai.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.