Current Affairs Appointments

  Yes Bank has appointed veteran banker Ravneet Singh Gill as its new MD & CEO and the lender has also received the RBI’s approval for the same.He will join the bank on or before March 1, 2019. Mr Gill is currently the chief Deutsche Bank’s India operations. Gill joined Deutsche Bank in 1991 and has worked across different businesses including corporate banking, capital markets and wealth management.
Source- The Livemint

 Piyush Goyal has been named the interim Finance Minister and interim Minister of Corporate Affairs during Arun Jaitley’s indisposition. Goyal will retain his existing portfolios of coal and railways. Union Minister Arun Jaitley, 66, had left for the United States for a regular medical check-up. Jaitley will be designated as a minister without a portfolio during his period of indisposition.
Source: The Money Control

 The Swedish Parliament approved Stefan Lofven as Prime Minister for a second four-year term. A total of 115 MPs voted yes, 153 voted no and 77 abstained. To be elected, Lofven did not need to secure a majority of the vote. As long as fewer than 175 of the 349-member parliament voted against him, he would be elected.
Source: Euronews

 The Reserve Bank of India has approved the appointment of V Vaidyanathan as MD and CEO of IDFC First Bank for a period of three years. In December 2018, IDFC Bank and non-banking financial company Capital First completed their merger, creating a combined loan asset book of Rs 1.03 lakh crore for the merged entity IDFC First Bank. Following the merger, the board of IDFC First Bank approved the appointment of Vaidyanathan as MD and CEO of the new entity.
Source- The Economic Times

 The Department of Personnel & Training, Government of India has appointed Senior IPS Officer Prabhat Singh as Director General (Investigation) in the National Human Rights Commission. Singh, a 1985 batch IPS Officer of AGMUT cadre is at present Special Director, Central Reserve Police Force (CRPF). He has been appointed to the post for a period up to April 30, 2020.
Source: Business Standard

 Mohammed Ali Qamar, the man who won India’s first Commonwealth Games gold medal in boxing, has taken over as the chief coach for the country’s female boxers. He has replaced veteran Shiv Singh. Qamar, who is set to turn 38, is also the youngest person to land the job. Qamar’s CWG gold came in the 2002 Manchester edition in the light flyweight category.
Source- Times Now

 The International Cricket Council (ICC) announced that Manu Sawhney has been appointed as the organization’s new Chief Executive Officer (CEO). Sawhney, the former CEO of Singapore Sports Hub and Managing Director of ESPN Star Sports, will join the organization before formally taking over the reins from David Richardson in July following the ICC World Cup 2019.
Source- Press Information Bureau (PIB)

 Ananth Narayanan has stepped down as CEO of Myntra and Jabong to pursue external opportunities. Amar Nagaram has been named as Head, Myntra and Jabong, reporting to Kalyan Krishnamurthy, CEO of Flipkart Group. Amar, who recently moved to Myntra from Flipkart, has been with the group for around seven years and has played a pivotal role in making shopping accessible and affordable on connected devices.
Source: The Hindu Business Line

 India’s largest software exporter Tata Consultancy Services has appointed Don Callahan as an additional and independent director for a period of 5 years, based on the recommendations of the Nomination and Remuneration Committee. He was the Chief Administrative Officer and Head of Operations and Technology at Citigroup and was a member of Citi’s Operating Committee earlier.
Source: The Hindu

 Yes Bank, India’s fourth-largest private sector bank, announced the appointment ofBrahm Dutt as non-executive part-time chairman up till July 4, 2020. He is currently also the chairman of the Nomination and Remuneration Committee.  Brahm Dutt has been on Yes Bank’s board since July 2013 as an independent director, and contributed to almost all the sub-committees of the board over the past five and a half years. 
Source- The Economic Times


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