Question
Consider the following statements with respect to the directions given by RBI regarding the whole time directors? I. In a move to strengthen governance in private sector banks and wholly-owned subsidiaries of foreign banks, the Reserve Bank of India (RB
- I has directed them to have at least two wholetime directors. II. Lenders that do not meet the requirement will have to submit the names for the RBI’s approval within six months. III. Payments banks, local area banks & small finance banks have been kept outside the purview of the RBI circular. Which of the statements is/are not true?
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