Question

Which of the following correctly describes the mandatory composition of the SCBMF?

A At least 3 directors, including a Whole-Time Director (WTD) and a minimum of two Independent Directors or Non-Executive Directors
B Minimum 5 directors, consisting entirely of Whole-Time Directors
C 3 directors, including the Managing Director, CVO, and Chief Risk Officer
D 4 directors, with equal representation of Nominee Directors and Executive Directors
E Minimum 2 directors, chaired by the Executive Director
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