Start learning 50% faster. Sign in now
In a move to strengthen governance in private sector banks and wholly-owned subsidiaries of foreign banks, the Reserve Bank of India (RBI) has directed them to have at least two wholetime directors. Lenders that do not meet the requirement will have to submit the names for the RBI’s approval within four months. Banks need prior approval from the banking regulator for the appointment of wholetime directors. Some of the private sector lenders that do not have two wholetime directors are IndusInd Bank, TamilNad Mercantile Bank, CSB Bank, DCB Bank, Dhanlaxmi Bank, City Union Bank, Karur Vysya Bank, and South Indian Bank. Among the wholly-owned subsidiaries of foreign banks, only SBM Bank has one wholetime director. These banks have only their managing director and chief executive officer (MD & CEO) as wholetime director. While payments banks and local area banks have been kept outside the purview of the RBI circular, the norm will be applicable to small finance banks.
Ugadi is a ________ New Year celebrated in the month of March.
Which of the following towns was NOT designated as a Town of Export Excellence ( TEE ) in the FTP 2023?
Chambal river is the tributary of which of the following rivers?
By which of the following state governments is the Tansen Music Festival organised?
4th edition of joint training exercise Al NAJAH is going to take place between Indis which Country?
The World’s largest/biggest airport King Fahd International Airport is situated in which of these countries?
Which chemical element of Group 18 of the periodic table is produced by the natural radioactive decay of uranium in soils and rocks?
The Malpighian tubules are characteristic of:
Which city is called lake city in M.P?
The Khajuraho Group of Monuments is a UNESCO World Heritage Site located in-