{"id":127545,"date":"2022-12-29T12:16:29","date_gmt":"2022-12-29T06:46:29","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=127545"},"modified":"2022-12-29T12:16:30","modified_gmt":"2022-12-29T06:46:30","slug":"baskar-babu-re-appointed-as-suryoday-banks-chief-for-3-years","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/baskar-babu-re-appointed-as-suryoday-banks-chief-for-3-years\/","title":{"rendered":"Baskar Babu Re-Appointed as Suryoday Bank\u2019s Chief for 3 Years"},"content":{"rendered":"\n<p><strong>Baskar Babu Re-Appointed as Suryoday Bank\u2019s Chief for 3 Years:<\/strong> Baskar Babu Ramachandran has been reappointed by the Reserve Bank of India (RBI) as the MD and CEO of Suryoday Small Finance bank for a period of three years beginning on January 23, 2023. The founder of the bank, Baskar Babu Ramachandran sold the bank\u2019s 50 lakh shares on 16th December for \u20b955.44 crores to close a loan for exercising warrants to maintain the promoter\u2019s stake at the minimum of 26 percent for the first 5 years.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-december-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">December 2022 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p><strong>Baskar Babu Re-Appointed as Suryoday Bank\u2019s Chief for 3 Years- Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u2022 After the aforementioned same, Baskar Babu Ramachandran holds 63,01,911 shares, or 5.94 percent of the total, of which 62.40 lakh shares are pledged.<\/li>\n\n\n\n<li>The bank was originally incorporated as Suryoday Micro Finance Pvt Ltd in Chennai in 2008.<\/li>\n\n\n\n<li>\u2022 In 2015, the bank changed its legal status to become a public limited company under the name Suryoday Micro Finance Ltd.<\/li>\n\n\n\n<li>Suryoday Micro Finance was granted in-principle and final approval to establish an SFB by the RBI.<\/li>\n<\/ul>\n\n\n\n<p><strong>About Suryoday Small Finance Bank<\/strong><\/p>\n\n\n\n<p>A scheduled commercial bank is Suryoday Small Finance Bank. Through its 565 banking branches, the bank is widely present throughout 13 Indian states and UTs. The bank has reported a net profit of Rs 13 crore in Q2 FY22 as against a net loss of Rs 1.92 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Baskar Babu Re-Appointed as Suryoday Bank\u2019s Chief for 3 Years: Baskar Babu Ramachandran has been reappointed by the Reserve Bank of India (RBI) as the MD and CEO of Suryoday Small Finance bank for a period of three years beginning on January 23, 2023. The founder of the bank, Baskar Babu Ramachandran sold the bank\u2019s [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":127546,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4992],"tags":[4933],"class_list":["post-127545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-december-2022","tag-appointments-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/127545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=127545"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/127545\/revisions"}],"predecessor-version":[{"id":127547,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/127545\/revisions\/127547"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/127546"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=127545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=127545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=127545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}