NABARD named Shri Shaji KV as Chairman: The National Bank for Agriculture and Rural Development’s new chairman is K V Shaji. Prior to May 21, 2020, he was the Deputy Managing Director (DMD) of NABARD. He is an agricultural graduate with a PGDM in Public Policy from the Indian Institute of Management (IIM) in Ahmedabad.
December 2022 Current Affairs Quiz
Prior to joining NABARD:
- He served Canara Bank in a variety of capacities for 26 years. He was in charge of strategy, planning, and business development at Canara Bank’s corporate headquarters. He also played a role in the merger of Syndicate Bank and Canara Bank.
- He formerly held positions in Kerala Gramin Bank, the nation’s biggest regional rural bank, and the National Payments Corporation of India (NPCI). He held the position of Chairman of Kerala Grameen Bank from 2013 to 2017. Shaji KV is a native of Thiruvananthapuram.
About the NABARD:
National Bank for Agriculture and Rural Development (NABARD) is an apex regulatory body for overall regulation of regional rural banks and apex cooperative banks in India. Government of India’s Ministry of Finance is in charge of it. The bank has been entrusted with “matters concerning policy, planning, and operations in the field of credit for agriculture and other economic activities in rural areas in India”. NABARD is active in developing and implementing financial inclusion.
Who is the founder of NABARD?
Gandhi, Indira, on November 5, 1982. As of March 31, 2022, the paid-up capital of the company, which had a starting capital of Rs. 100 crore, was Rs. 17,080 crore.