Question
Which of the following candidates is eligible for appointment as CFO of a PSB?
Solution
The CFO must be a qualified Chartered Accountant and have: • 15 years total experience • 10 years in banks/FIs • 5 years at senior management level Option C satisfies all conditions. Others fail due to lack of qualification or required banking experience.
More Corporate Governance and CSR Questions
- The primary objective of these Reserve Bank of India (Commercial Banks - Governance) Directions, 2025 is to ensure:
- The "Long Form Audit Report" (LFAR) is reviewed by:
- "Related Party" for a bank includes:
- What is the maximum continuous tenure for an MD & CEO in a bank?
- In order to ensure continuous regulatory oversight and adherence to the “fit and proper” criteria for directors, Non-Banking Financial Companies (NBFCs) ar...
- If a bank is listed on a stock exchange, it must also comply with:
- If a director is a Member of Parliament (MP) or Member of Legislative Assembly (MLA), they are:
- A former elected CA director of a PSB cannot be allotted professional work for:
- A person had previously served as a director on the Board of a Public Sector Bank (PSB) for a total period of six years. After a gap, the same individual s...
- Dual hatting” in context of CRO means:
