Business, Economy & Banking Current Affairs - 2019

Business, Economy and Banking in Current Affairs 2019 with latest news and current affairs in Agriculture, Industry, Banking, Capital Markets, Import and Export and Government schemes in commercial sector.

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Arundhati Bhattacharya is the new managing director of SBI

Screenshot_4The Govt. has appointment Arundhati Bhattacharya has been appointed as the new managing director of the State Bank of India (SBI). Previously, Bhattacharya was the managing director of SBI Capital, the merchant banking arm of the bank.

Who is SBI’s first woman MD (Managing Director)?

Ms Arundhati Bhattacharya will be State Bank of India’s first woman managing director.

Who was the first Woman MD (Managing Director) of a Public Sector bank in India?

The first woman MD of a Public sector bank in India was Ms Ranjana Kumar. The Government of India appointed Ms Ranjana Kumar as the Chairperson and managing Director of the Indian Bank, she became the first woman to become head of a public sector bank in India.

Some other ladies who are at present heading banks in India:

Public Sector Banks:

  • United Bank of India: Ms. Archana Bhargav (Chairman & MD)
  • Allahabad Bank: Ms Shubhalakshmi Panse (Chairman & MD)

Private Sector Banks:

  • ICICI Bank: Ms.Chanda Kochhar (MD & CEO)
  • Axis Bank: Ms Shikha Sharma (MD & CEO)


Rajeev Rishi appointed as Chairman and MD of Central Bank of India

Screenshot_5The Central Government has appointed Rajeev Rishi, Executive Director, Indian Bank has been appointed as the Chairman and Managing Director, Central Bank of India. He will have a tenure of five years from the date of taking over charge.

Prior to his appointment as Chairman & Managing Director of Central Bank of India Shri Rishi was the Executive Director of  Indian Bank since October 2010.