General Awareness

BUSINESS AND ECONOMY - January 2016

Jan 2016

Feb 04, 2026

RBI clears appointment of Vinay Muralidhar Tonse as MD & CEO of Yes Bank

The Reserve Bank of India (RBI) has approved the appointment of Vinay Muralidhar Tonse, former Managing Director of State Bank of India (SBI), as the Managing Director and Chief Executive Officer of Yes Bank for a three-year term, subject to shareholder approval. The decision comes as Yes Bank moves from its post-reconstruction stability phase toward long-term growth and business expansion.

RBI approved Vinay Muralidhar Tonse's appointment as Yes Bank MD & CEO.
Tonse is a former Managing Director of State Bank of India (SBI).
Tenure approved for three years, subject to shareholder approval.
Appointment comes during Yes Bank's shift toward long-term growth phase.
Move seen as key leadership step beyond post-reconstruction stability.

Feb 03, 2026

Sarvesh Ranjan named Chief General Manager at Union Bank of India

Union Bank of India announced the promotion of Sarvesh Ranjan to Chief General Manager, following the retirement of Bhaskara Rao Kare on January 31, 2026. The leadership transition reflects ongoing efforts to ensure continuity in operations and governance. Ranjan’s appointment comes amid a broader push to strengthen the bank’s strategic capabilities, including digitalization, risk management, and customer service improvements. The bank highlighted his track record in steering major projects and his experience across retail and corporate banking. The move is part of a wider pattern of leadership changes in Indian public sector banks.

Sarvesh Ranjan appointed CGM on January 31, 2026.
Predecessor Bhaskara Rao Kare retired Jan 31, 2026.
Emphasis on digitalization and risk management.
Leadership continuity at Union Bank of India.

Feb 02, 2026

39th India International Leather Fair Begins in Chennai

The 39th India International Leather Fair opened in Chennai for a three-day run, featuring leather products, machinery, and innovations. The event showcased digital technologies, including AI, AR and data analytics, and highlighted the sector’s export potential amid a broader Free Trade Agreement context. Industry leaders, policymakers and foreign buyers attend, reflecting cooperation between Europe and India and the aim to boost growth under Vikshit Bharat 2047. The fair also emphasises sustainability, efficiency, and the adoption of modern production methods in the leather value chain.

Event: 39th India International Leather Fair, Chennai.
Duration: three days; focus on leather products and machinery.
Technology: AI, AR, data analytics and digital design.
Context: aligns with Free Trade Agreement and Vikshit Bharat 2047 goals.

Feb 01, 2026

IndoPacific Aviation wins Best NSOP - Fixed Wings at Wings India 2026

IndoPacific Aviation, a JetSetGo subsidiary, won the 'Best NSOP - Fixed Wings' award at Wings India 2026, acknowledging excellence in non-scheduled operations. The ceremony was part of the Wings India event, recognizing companies for achievements in niche aviation segments. Industry observers noted that such wins reflect the growing private sector role in India’s regional air network and encourage further investment in non-scheduled services. The award aligns with broader industry objectives to expand connectivity, improve efficiency and boost regional aviation capacity.

Award: Best NSOP - Fixed Wings.
Company: IndoPacific Aviation (JetSetGo group).
Event: Wings India 2026.
Impact: signals private sector growth in NSOP operations.
Industry context: emphasis on regional connectivity.

Jan 31, 2026

Jharkhand hosts 2nd Jharkhand Mining & Construction Show-2026 in Ranchi

Jharkhand Governor Santosh Kumar Gangwar inaugurated the second Jharkhand Mining and Construction Show-2026 at Dhurwa, Ranchi on Thursday. He noted that nearly 40 percent of India's mineral resources lie in Jharkhand, giving the state a pivotal position in the mining sector. The Governor said the event underscores the state’s role in achieving a self-reliant and developed India by 2047, stressing that development should reach the last person. Industry leaders showcased new technologies, while policymakers discussed boosting jobs, safety, and sustainable extraction. The show aims to attract investment and enhance regional growth across the state.

Event: 2nd Jharkhand Mining and Construction Show-2026
Inaugurated by Governor Santosh Kumar Gangwar in Ranchi
Jharkhand accounts for a large share of India's mineral resources
Focus on self-reliant India by 2047 and inclusive development
Platforms for technology showcase and policy discussion

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