RBI approved Appointment of Sunil Gurbaxani for Dhanlaxmi Bank MD

Published on February 22, 2020
Current context: The Reserve Bank of India (RBI) has approved the appointment of Sunil Gurbaxani as Managing Director and CEO of Dhanlaxmi Bank on 20th February 2020.
RBI approved Appointment of Sunil Gurbaxani for Dhanlaxmi Bank MD
  • RBI has approved the appointment of Sunil Gurbaxani as Managing Director and CEO of the Bank for a period of three years from the date of assuming the charge.
  • Gurbaxani is working with Axis Bank at present.
  • The Bank was removed from the RBI PCA framework, subject to certain conditions and continuous monitoring, as the bank is found to be not breaching any of the risk thresholds of the framework.
  • During the third quarter ended December, the bank reported a 26 % rise in net profit to Rs 21.28 crore for the third quarter ended December.
  • The bank’s total income rose to Rs 285.85 crore from Rs 272.16 crore in October-December 2018-19.
  • Dhanlaxmi Bank Headquarters: Thrissur, Kerala
  • Founded: 14 November 1927

Question: 

Q.1 The Reserve Bank of India (RBI) has approved the appointment of ____________ as managing director (MD) and CEO of Dhanlaxmi Bank recently? 
a. Sunil Gurbaxani
b. Atanu Kumar Das
c. P. S. Jayakumar
d. B Sriram

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