Current Affairs - Awards and Honours

H Shankar has officially assumed the role of Managing Director (MD) of Chennai Petroleum Corporation Limited (CPCL), a position he has been holding in an additional capacity since July 16, 2024. With his background in mechanical engineering and management, coupled with his extensive experience in the oil and gas industry, H Shankar is poised to lead CPCL’s strategic initiatives. His contributions include driving infrastructure development, introducing sustainable products, and supporting India’s space and defence sectors with specialized fuels. His leadership is expected to enhance CPCL’s growth and sustainability in the energy sector.

Swaminathan S. Iyer has been appointed as a full-time member (life) of the Insurance Regulatory and Development Authority of India (IRDAI), a key regulatory body for the insurance sector in India. His extensive background in legal, regulatory affairs, and insurance, including roles at Tata AIA Life Insurance and HDFC Standard Life Insurance, positions him to effectively oversee the life insurance segment. His appointment, valid for five years or until age 62, reflects the government's focus on strengthening regulatory oversight and promoting growth in the insurance industry.

Poonam Gupta has been appointed as the new Deputy Governor of the Reserve Bank of India (RBI), succeeding Michael Patra. With extensive experience in macroeconomic policy, international finance, and central banking, Gupta is well-equipped to influence India's monetary and financial policies. Her background includes leadership roles at the National Council of Applied Economic Research (NCAER), the Economic Advisory Council to the Prime Minister, and significant contributions to global institutions like the IMF and World Bank. Her appointment ahead of the MPC meeting highlights her strategic role in shaping India's economic future.

Salila Pande has been appointed as the new Managing Director (MD) & Chief Executive Officer (CEO) of SBI Card, effective from April 1, 2025. With nearly three decades of experience in the banking sector, particularly with the State Bank of India (SBI), she brings extensive expertise in retail banking, credit services, and financial management. Her leadership roles, including serving as Chief General Manager in Mumbai Metro Circle and President & CEO of SBI California, highlight her ability to manage large-scale operations and navigate complex financial environments, positioning her to drive SBI Card’s growth in India’s dynamic credit card market.

Ambuj Chandna has been appointed as the Managing Director (MD) and Head of the Consumer Banking Group at DBS Bank India. With over 16 years of experience at Kotak Mahindra Bank, where he served as President and Head of Consumer Bank (Products), Chandna brings extensive expertise in retail banking and consumer financial products. His leadership role at DBS Bank India follows the appointment of Rajat Verma as CEO. Chandna is expected to drive growth in consumer banking, digital banking, and financial products, strengthening DBS’s position in the Indian market.