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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.
Which of the following is NOT an example of capital receipt?
Which of the following is a limitation of accounting that can affect the accuracy and usefulness of financial statements?
As per the provision of Section 40 of the Companies Act, 2013, the commission paid or agreed to be paid does NOT exceed in the case of debentures _____o...
For Assessment year 2020-2021, The maximum loss from house property which can be set-off against income from any other head is ______.
The relationship between the operating income and earnings per share is known as
Consider the following information.
What will be the ...
Interest payable by a non-corporate assessee for deferment of advance tax is
Calculate cost of goods sold from the following figures:
Opening stock = Rs. 3,500
Purchases = Rs. 21,000
Closing stock = Rs. 2,500
What was a key issue related to regulatory challenges in the Indian telecom industry?
Which of the following is not a payment product of NPCI?