PNB, BoB, OBC - Current Affairs Questions and Answers

ANSWER: Sunil Mehta

Explanation:
Punjab National Bank (PNB) has a new non-executive Chairman in Sunil Mehta.

The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Department of Financial Services (DFS) for the appointment of Mehta as non-executive Chairman of PNB.

He has been appointed for a period of three years.

The only condition is that he would be required to resign from the board of State Bank of India before joining the board of Punjab National Bank.

About Sunil Mehta

• A Fellow Chartered Accountant from the Institute of Chartered Accountants of India and an alumni of the Wharton School of Management, USA, Mehta is currently Chairman & Managing Director at SPM Capital Advisors Pvt Ltd.
• Mehta has over 33 years of leadership experience in banking, insurance, financial services and investments with Citibank and AIG.
• As Country Head of AIG for 13 years, Mehta was responsible for setting up in India and overseeing 10 businesses covering life & non-life insurance, private equity, asset management, real estate, home and consumer finance, software development, mortgage guaranty and aircraft leasing.
• Mehta worked at Citibank for 18 years in various senior positions, which included head of the corporate bank in India and senior credit officer.

ANSWER: None of the above

Explanation:
Maharashtra Chief Minister Devendra Fadnavis on 20 December 2016 announced that a separate Ministry will be created for Other Backward Classes (OBCs).

This ministry will be headed by an independent minister.

Besides, the Chief Minister also announced funds worth Rs 200 crore for gravity-based water supply projects. These projects will help in fulfilling the need of the town and surrounding areas.

Zila Parishad of Thane to prepare a tourist circuit plan for Murbad and Shahpur talukas. He assured that maximum funds will be provided for the development of the plan.

Other Backward Classes (OBC)

• OBC is a collective term to classify caste that is socially and educationally disadvantaged.
• The Mandal Commission report of 1980, found that the OBC list comprises of 52 percent of the country’s population.
• The figure shrunk to 41 percent by 2006, when the National Sample Survey Organisation took place.
• They are entitled to 27 percent reservations in public sector employment and higher education.
• Constitutionally, OBC is described as socially and educationally backwards class.

ANSWER: green PIN

Explanation:
State owned Punjab National Bank has launched numerous digital banking solutions including a green PIN and enhancement of mobile app. PNB has launched mobile apps enabling customers to locate PNB ATM with PNB ATM Assist and the Android app facilities the customer to use GPS. Moreover, customers will be assisted to instantly lodge operational issues and reduce resolution time. Bank has also launched another Android App for basic banking. Green PIN facility was also launched under which customer can get duplicate PIN for debit card through SMS request.