Question
What is the upper age limit for an MD & CEO or a Whole-Time Director in a Private Sector Bank?
Solution
As per the Master Direction, the age of 70 is the maximum limit for any person to continue as a MD&CEO / CEO or WTD of a PVB. An individual PVB's Board is free to prescribe a lower retirement age for the WTDs, including the MD&CEO / CEO.
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