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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 Government of India launched the PRASAD (Pilgrimage Rejuvenation And Spiritual Augmentation Drive) scheme in the year ____ under the Ministry of Tou...
Satpura National Park is located in which state?
In which of the following states Ghumura is a folk dance?
Where in India the famous Saffron Festival is being celebrated?
Godrej Agrovet has signed an MoU with three states Assam, Manipur and _________ government for the cultivation of Palm Oil?
Padma Shri awardee Sivapatham Vittal, who passed away recently, was known for his contribution in which field?
What is a fast and convenient method for sending personal remittances from abroad to recipients in India?
Who is the Chief Election Commissioner of India?
The “Nalacharitham” play is associated with which Indian dance form?
East Uttar Pradesh's first Cable Car Service has started in which of the following districts?