Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1335)
1335.
RBI in its Discussion Paper on 'Governance in Commercial Banks in India' proposed to set the upper age limit of CEOs and whole time directors belonging to the promoter group of banks to 70 years and maximum tenure of how many years?
10 years
15 years
5 years
7 years
Answer: Option
Explanation:
India's central bank, the Reserve Bank of India in its Discussion Paper on 'Governance in Commercial Banks in India' proposed to set the upper age limit of Chief Executive Officers (CEOs) and whole time directors (WTDs) belonging to the promoter group of banks to 70 years and maximum tenure of 10 years. This offer has been made to improve administration in the banking sector.
Discussion:
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