'Not more than 15 years': RBI's new guidelines for tenure of bank MDs, CEOs

The circular will not be applicable to foreign banks operating as branches in India

Reserve Bank of India on Monday issued instructions on governance for banks, including private sector banks, small finance banks (SFBs) and wholly owned subsidiaries of foreign banks.

Post of MD & CEO or WTD (whole time director) can't be held by same incumbent for more than 15 years, said the banking regulator. 

The post of the MD & CEO or WTD cannot be held by the same incumbent for more than 15 years. Thereafter, the individual will be eligible for re-appointment as MD & CEO or WTD in the same bank, if considered necessary and desirable by the board, after