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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 whole time 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 whole time directors. Some of the private sector lenders that do not have two whole time directors are IndusInd Bank, Tamil Nad 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 whole time director. These banks have only their managing director and chief executive officer (MD & CEO) as whole time 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.
The vegetative propagation method that is suitable for the propagation of sapota………………….
King of Pippin is the variety of ......
Which components make up the xylem in angiosperms?
Which state producing highest Mango ?
A rose is either a woody perennial flowering plant which has over three hundred species and tens of thousands of cultivars. The flower is popularly kn...
Botanical name of African marigold is -
Making an incision below a bud to retard its growth is called ?
The phase during which a seedling is most susceptible to pests and damping-off diseases is:
Which alkaloid found in Periwinkle is used in cancer treatment?
Mughal garden is an example of which type of garden?