Current Affairs - Awards and Honours - Discussion

Rakesh Sharma has been reappointed as the Managing Director and Chief Executive Officer (MD & CEO) of IDBI Bank for a three-year term starting March 19, 2025, following approval from the Reserve Bank of India (RBI). He has played a crucial role in improving the bank’s financial performance, leading it out of the Prompt Corrective Action (PCA) framework in 2021. Sharma has extensive experience in the banking sector, having previously served as MD & CEO of Canara Bank and held leadership roles at Lakshmi Vilas Bank and the State Bank of India (SBI). His reappointment aims to ensure stability and continued growth for IDBI Bank.