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Indian Economy - Understanding the basics of Indian economic system

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    Mahabaleshwara M S has been re-appointed as the MD & CEO of which bank ?

    Karnataka Bank

    Correct Answer

    Bank of Maharashtra

    Incorrect Answer

    Union Bank of India

    Incorrect Answer

    Corporation Bank

    Incorrect Answer
    Explanation:
    • The Reserve Bank of India (RBI) has approved the reappointment of Mahabaleshwara M S as MD and CEO of private sector lender Karnataka Bank for a period of three years with effect from April 15, 2020.
    • The RBI has also approved for reappointment of P Jayarama Bhat as Part Time (Non Executive) Chairman of the bank.
    • Karnataka Bank Limited, a leading 'A' Class Scheduled Commercial Bank in India, was incorporated on February 18th, 1924 at Mangaluru, Karanataka.

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