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June 2018 Persons in News

  • ICICI Bank appoints Girish Chandra Chaturvedi as non-executive part-time chairmanPrivate lender ICICI Bank on 29th June appointed Girish Chandra Chaturvedi as an additional (independent) director effective July 1, 2018 for a period of 3 years. The bank, in a notification to the exchanges, also said that it has named Chaturvedi as non-executive part-time chairman subject to the approval of shareholders. Current chairman MK Sharma will retire this month-end. 
  • S. Ramesh takes over as Chairman, Central Board of Indirect Taxes and CustomsS. Ramesh, IRS has taken over as Chairman, Central Board of Indirect Taxes and Customs [CBIC], on superannuation of Smt. Vanaja N. Sarna. Prior to his elevation, he was Member (Administration) in the Board. 

    S. Ramesh began his career in Mumbai as Asst Commissioner, Central Excise and thereafter in Mumbai Customs. He has worked in various capacities in Hyderabad, Nagpur, Chennai, Trichy etc. He was the Chief Commissioner, Chennai Customs Zone from 2013 to 2016. Thereafter, he took over as Director General, Systems & Data Management. He joined the Board in September, 2016 as Member (IT, Central Excise & Service Tax). 
  • ICICI Bank appoints Sandeep Bakhshi as COO & whole-time director for a period of five yearsThe board of ICICI Bank has appointed Sandeep Bakhshi whole-time director and chief operating officer (COO) to run the affairs of the private lender. 

    Chanda Kochhar, managing director (MD) & chief executive officer (CEO) will be on leave, pending the probe. 

    The changes come amid allegations of a quid pro quo in transactions between Videocon Industries, Kochhar and her husband Deepak Kochhar’s company NuPower Renewables. 

    The bank board has appointed former Supreme Court judge B N Srikrishna to probe allegations of conflict of interest against Kochhar. 

    He will be aided by a number of internal and external ‘experts’ to complete the investigation. The bank said Bakhshi’s appointment as COO will be for a period of five years, subject to regulatory approvals. 
  • Arvind Subramanian was appointed as CEA to the Finance Ministry on October 16, 2014, for a period of three yearsArvind Subramanian was appointed as CEA to the finance ministry on October 16, 2014, for a period of three years. 

    Subramanian was appointed as CEA to the finance ministry on October 16, 2014, for a period of three years. In 2017 his term was extended for a year. 
  • Mahesh Kumar Jain appointed as Deputy Governor of the RBI for a term of three yearsMahesh Kumar Jain has been appointed as Deputy Governor of the Reserve Bank of India for a term of three years. Presently, he is the Managing Director and CEO of IDBI Bank. Before his role in IDBI, Mahesh Kumar Jain was the Managing Director and Chief Executive Officer of Indian Bank.
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