Question
How many Whole Time Directors (WTDs), including the
Managing Director and Chief Executive Officer, has the Reserve Bank of India (RBI) advised private sector banks to appoint on their boards?Solution
The Reserve Bank of India (RBI) has advised private sector banks to appoint at least two Whole Time Directors (WTDs), including the Managing Director and Chief Executive Officer, on their boards. The number of WTDs will be determined by the bank's board based on factors such as the size of operations and business complexity. The move is aimed at establishing effective senior management in response to the growing complexity of the Indian banking sector.
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