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Private banks must have two wholetime directors: RBI
Credit: IndiaTimes- Published on October 26, 2023
The Reserve Bank of India (RBI) has directed private sector banks to appoint at least two whole-time directors (WTDs) in addition to the managing director and CEO. Banks that do not have two WTDs must submit proposals within four months. The RBI believes that having a team of WTDs will aid in succession planning and address the...
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