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Today General Knowledge(GK)
As per the latest instruction issued by RBI, what is the cap imposed on the tenure that an incumbent MD/CEO or a Whole-time Director of a private sector bank can have?
A)
5 years
B)
10 years
C)
15 years
D)
20 years

Correct Answer : Option (C) - 15 years



The Reserve Bank of India (RBI) has capped the tenure of managing directors (MDs) and chief executive officers (CEOs) and whole-time directors (WTDs) of private banks at 15 years from the date of appointment. For CEOs who are part of the promoter group or large shareholder, the tenure is capped at 12 years.

Published On : June 27, 2021
Category : Banking
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