RBI decision will clarify its stand on 15-year cap mentioned in discussion paper
The Reserve Bank of India (RBI) last month permitted one-time restructuring of both corporate and retail loans without getting classified as a non-performing asset (NPA)
His appointment will be up to date of attaining the age of superannuation, December 31, 2022, or until further orders, whichever is earlier, it added
If the CEO or WTD is not a promoter or major shareholder of the bank, that person can continue for 15 years at the bank, after which he or she must step down.
To protect the existing CEO salary, banks have to raise the fixed part of remuneration, which negates the very purpose of the regulator