Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.148)


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]. 12 years
[B]. 10 years
[C]. 15 years
[D]. 20 years

Answer: Option C


The Reserve Bank of India (RBI) has capped the tenure of Managing Director and Chief Executive (MD & CEO) of commercial banks to 15 years.

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