Recently RBI has directed that the Board of Directors of banks will have at least 2 whole time directors including MD and CEO.

Recently RBI has directed that the Board of Directors of banks will have at least 2 whole time directors including MD and CEO.

Daily Current Affairs / Recently RBI has directed that the Board of Directors of banks will have at least 2 whole time directors including MD and CEO.

Change Language English Hindi

Category : Business and economics Published on: October 27 2023

Share on facebook

The Reserve Bank of India has recently issued new guidelines for the Board of Directors of banks.
These guidelines are for private sector banks and foreign banks located in India.
Public sector banks have not been included in these guidelines.
According to the new guidelines, it will be mandatory for banks to include at least 2 whole-time directors including the MD and CEO on their board of directors.
The number of whole-time directors should be decided by the Board of the bank taking into account factors such as size of operations, business complexity and other relevant aspects.
Private and foreign banks have been given 4 months time to complete this process.

Recent Post's

World Environment Day 2025 to focus on ending plastic pollution; South Korea to host global celebrations.
Read More....
Geneva to host second session of global plastic pollution treaty talks from August 5 to 14, 2025.
Read More....
RCB wins IPL title for the first time, ending Virat Kohli's 18-year-long wait.
Read More....
June observed as Men's Health Month to raise awareness about men's well-being.
Read More....
Karol Nawrocki wins Polish presidential election with 50.9% votes, defeating pro-EU candidate.
Read More....
India to need 1 million AI professionals by 2026; AI education and tech sector on the rise.
Read More....
PSG wins Champions League for the first time with record 5–0 win over Inter Milan.
Read More....
IIT Delhi and AIIMS sign MoU to set up AI research centre in healthcare.
Read More....
India elected to UN Economic and Social Council for 2026–2028 term.
Read More....
Two Rajasthan wetlands added to Ramsar list, taking India’s total to 91 sites.
Read More....