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      Question

      Is an elected director eligible for re-election after

      completing a term?
      A No, never Correct Answer Incorrect Answer
      B Yes, only once Correct Answer Incorrect Answer
      C Yes, without any condition Correct Answer Incorrect Answer
      D Yes, subject to maximum tenure limits Correct Answer Incorrect Answer
      E Only after a gap of three years Correct Answer Incorrect Answer

      Solution

      Tenure -Under the RBI (Commercial Banks – Governance) Directions, 2025, an elected director (shareholder director) in a Public Sector Bank (PSB) typically holds office for a term of three years and is eligible for re-election, with a maximum total tenure of six years, whether served continuously or intermittently.

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