RBI asks private banks to have at least 2 whole-time directors
Wednesday, 25 October 2023 The Reserve Bank of India has directed private banks and wholly-owned subsidiaries of foreign banks to have at least two Whole Time Directors (WTDs) on their boards, including the MD & CEO, to facilitate succession planning. The RBI emphasized the need for an effective senior management team to navigate the complexities of the banking sector. Banks are required to submit proposals for the appointment of WTDs within four months if they do not meet the minimum requirement.
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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... IndiaTimes Also reported by •Zee News
Wednesday, 25 October 2023
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