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The maximum tenure of CEO and MD of public sector banks has been increased to 10 years, a move that will help the government retain the best talent in the banking sector. The term for the appointment has been extended to 10 years, from the earlier 5 years, subject to superannuation age of 60 years. This is also applicable for whole-time directors of all Central Public Sector Enterprises (CPSEs). The amendment would be called Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2022. The central government has the right to terminate the term of office of a whole-time director, including the managing director, any time before the expiry of the term specified, by giving him a notice of not less than three months, in writing or three months’ salary and allowances in lieu of notice. The decision of the government would help banks to retain the talent who rise to the ladder of whole-time directors at a very early age of 45-50 years.
What is the primary goal of the collaboration between ONDC and Google Cloud for the India-wide hackathon?
Which of the following company had partnered with Reliance General Insurance to provide motor insurance in India ?
Under which agreement did India and Indonesia enhance maritime security cooperation?
Which of the following decisions is part of the "Sahkar Se Samridhi" vision implemented by the Government of India?
Recently which commercial vehicle manufacturer joined hand with National Centre for Combustion Research and Development (NCCRD) for development and com...
What is the projected remittance inflow to India in 2023, according to the World Bank report?
Which of the following statements is correct based on India's trade performance during the April-June quarter?
Which country is the largest source of gold for India?
Chandrayaan -3 is all set to be launched in the month of ______ in 2023?
Which global market accounts for 21% of the world’s tuna production, and what is India’s role in it?