Question

In the Risk Management Committee (RMC

  • B , what is the mandatory requirement for the majority of members?
A Must be Whole-Time Directors Correct Answer Incorrect Answer
B Must be Independent Directors Correct Answer Incorrect Answer
C Must be Chartered Accountants Correct Answer Incorrect Answer
D Must be RBI nominees Correct Answer Incorrect Answer
E Must be Non-Executive Directors Correct Answer Incorrect Answer

Solution

A majority of NEDs is required in the RMCB to provide independent oversight on the bank's risk-taking activities.

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