26 July 2016 Current Affairs: Mumbai-headquartered, Axis Bank has stated that the Reserve Bank of India has granted approval for appointment of Sanjiv Misra as Additional Director and the Non-Executive (Part-Time) Chairman of the bank for a period of three years with effect from July 18, 2016, up to July 17, 2019 (both days inclusive).
Mr. Misra has a Master’s degree in Economics from the Delhi School of Economics, a Master’s degree in Public Administration from the Harvard Kennedy School, USA, and a Ph. D from the Jawaharlal Nehru University, New Delhi.
Dr. Misra was a member of the Indian Administrative Service for over 35 years during which period he held a wide range of key positions in the Federal and state governments, including as Managing Director of the Gujarat Industrial Development Corporation and stints at senior levels in the Government of India in the Cabinet Office, the Ministry of Petroleum and the Ministry of Finance.
He was a Secretary in the Ministry of Finance till his superannuation in 2008. Subsequently, he served as a Member of the 13th Finance Commission, a constitutional position with the rank of a Minister of State.