Recently the Government raises maximum tenure of PSU banks' CEO to ____ years, from the earlier 5 years.
The maximum tenure of CEO and MD of public sector banks has been increased to 10 years, a move that will help the government retain the best talent in the banking sector. The term for the appointment has been extended to 10 years, from the earlier 5 years, subject to superannuation age of 60 years. This is also applicable for whole-time directors of all Central Public Sector Enterprises (CPSEs). The amendment would be called Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2022. The central government has the right to terminate the term of office of a whole-time director, including the managing director, any time before the expiry of the term specified, by giving him a notice of not less than three months, in writing or three months’ salary and allowances in lieu of notice. The decision of the government would help banks to retain the talent who rise to the ladder of whole-time directors at a very early age of 45-50 years.
Andhra Bank and Corporation Bank were amalgamated into Union Bank of India in which of the following year?
National Cooperative Exports Limited (NCEL) was set up in which of the following year?
The five-year plans in India laid down not only specific objectives to be attained in the five years of a plan, but also what was to be achieved over a ...
Which of the following is not a initially targeted of Production Linked Incentive Scheme (PLI)?
With reference to the IMF Bailouts, consider the following statements:
       I.           Countries seek help from the IMF u...
National Company Law Tribunal (NCLT) was established by the government of India in which of the following year?
India's wholesale price index (WPI)-based inflation in July came in at_________, significantly higher than (-)4.12 percent reported in June on account o...
Reliance Capital sold a 45% stake in listed subsidiary Reliance Home Finance for _______in the open market, a move that will improve recovery for lenders.
__________ has raised ₹6,598 crore through the issuance of bonds wherein it has raised ₹3,500 crore through 10-year bonds at a coupon of 7.60% and â...
_______Â has got approval for the complete acquisition of Ohm Global Mobility Private (OHM) from OHM International Mobility for a nominal consideration...