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In a move to strengthen governance in private sector banks and wholly-owned subsidiaries of foreign banks, the Reserve Bank of India (RBI) has directed them to have at least two wholetime directors. Lenders that do not meet the requirement will have to submit the names for the RBI’s approval within four months. Banks need prior approval from the banking regulator for the appointment of wholetime directors. Some of the private sector lenders that do not have two wholetime directors are IndusInd Bank, TamilNad Mercantile Bank, CSB Bank, DCB Bank, Dhanlaxmi Bank, City Union Bank, Karur Vysya Bank, and South Indian Bank. Among the wholly-owned subsidiaries of foreign banks, only SBM Bank has one wholetime director. These banks have only their managing director and chief executive officer (MD & CEO) as wholetime director. While payments banks and local area banks have been kept outside the purview of the RBI circular, the norm will be applicable to small finance banks.
Consider the following statements:
1. Dadra and Nagar Haveli which merged with the Indian Union in 1961 were ruled by the Portuguese.
2....
In the context of the Special Drawing Rights of the IMF, which of the statements given below is/are correct?
1. The concept of SDR was introduc...
Of the given categories, which scale of language registers does the given example fall into?
eq. "Would you all please go upstairs right away?"
In the year 1919, what was the reason for Mahatma Gandhi to warn the Viceroy that a countrywide Satyagraha would be launched?
Which one of the following equations correctly expresses the relationship between assets (A), liabilities (L), revenues (R), expenses (E) and capital (C)?
The word 'Vaccine' has been derived from a Latin word having meaning
Rainbow is produced when sunlight falls on drops of rain. Which of the following physical phenomena are responsible for this?
(1) Dispersion
Which of the following statements about standard deviation is true?
In which organism sex is not determined genetically?
The volume of a cylinder with base radius 3 cm is 396 cm³. Find its curved surface area (in cm² ).