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New Chairmen Appointed for BOI, IOB, and UCO Bank

Published on February 22, 2024
Current Context: The Appointments Committee of the Cabinet (ACC) has recently appointed new chairmen for Bank of India (BOI), Indian Overseas Bank (IOB), and UCO Bank:
New Chairmen Appointed for BOI, IOB, and UCO Bank
  • M R Kumar, former LIC Chairman, has been appointed as the part-time non-official Director and non-executive Chairman of Bank of India (BOI) for a term of three years.
  • Srinivasan Sridhar has been appointed as the part-time non-official Director and non-executive Chairman on the Board of Indian Overseas Bank (IOB) for a term of three years, subject to his resignation from the Board of Bank of Baroda.
  • Aravamudan Krishna Kumar, former Managing Director (MD) of the State Bank of India (SBI), has been appointed to the Board of UCO Bank

Question:

Q.1 Who has been appointed as the part-time non-official Director and non-executive Chairman of Bank of India (BOI)?
a. Srinivasan Sridhar
b. M R Kumar
c. Suraksha Asset Reconstruction Limited
d. None of the above
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