New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    How many Whole Time Directors (WTDs), including the

    Managing Director and Chief Executive Officer, has the Reserve Bank of India (RBI) advised private sector banks to appoint on their boards?
    A One Correct Answer Incorrect Answer
    B Two Correct Answer Incorrect Answer
    C Three Correct Answer Incorrect Answer
    D Four Correct Answer Incorrect Answer
    E Five Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) has advised private sector banks to appoint at least two Whole Time Directors (WTDs), including the Managing Director and Chief Executive Officer, on their boards. The number of WTDs will be determined by the bank's board based on factors such as the size of operations and business complexity. The move is aimed at establishing effective senior management in response to the growing complexity of the Indian banking sector.

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