RBI issues Master Direction for Asset Reconstruction CompaniesThe Reserve Bank of India (RBI) issues Master Direction to Asset Reconstruction Companies (ARCs), critical for resolving stressed financial...
RBI directs banks to appoint whole time directorsThe Reserve Bank of India (RBI) has instructed banks to enhance their senior management teams by appointing at least one whole-time directo...
RBI suggests banks to have a minimum of two whole time directors on boardThe Reserve Bank of India (RBI) has advised private sector banks to appoint at least two Whole Time Directors (WTDs), including the Managin...
RBI amends regulatory framework for ARCs to strengthen their functioningThe Reserve Bank of India on Tuesday said it has amended the extant regulatory framework for asset reconstruction committees based on stake...
SBI reshuffles top executive after new MD takes chargeAs new MD Alok Choudhary will be incharge of the growing retail banking portfolio of the State Bank and will be MD till his retirement on J...
Sebi notifies stricter norms for appointment of MD at listed cosFor considering the appointment or re-appointment of such a person earlier rejected by the shareholders, there should be a detailed explana...
Government’s MoC opens opposition eyes to RBI circular on UCBsSection 3.5.1 of the RBI circular of June 25 — incidentally issued just 10 days before the Centre created the Ministry of Cooperation — sta...
RBI prescribes qualifications for MDs, WTDs of urban cooperative banksIt further said the MD/WTD should be a post graduate or have qualifications in finance discipline. He or she could be either chartered/cost...
RBI caps bank CEO tenure at 15 yearsThe central bank, in its latest corporate governance norms, also said that no one can be a non-executive director either beyond age 75. The...
Sebi extends timeline for submission of comments on proposal on appointment of MDsThe regulator had on January 27 floated a consultation paper on introduction of provisions relating to appointment / re-appointment of pers...
Sebi seeks to empower minority shareholdersOnce such directors are appointed to the board, the listed entity should disclose the reasons for such appointments to stock exchanges with...
RBI proposes upper age limit of 70 years for CEOs, whole-time directors of banksThe discussion paper released by the Reserve Bank of India (RBI) on Thursday said that chief executive officers (CEOs) and whole time direc...
RBI plans to overhaul corporate governance structure of banksThe RBI proposes to place more responsibility on the board of directors for a bank’s culture and compensation.
RBI releases discussion paper on 'Governance in Commercial Banks': 5 Key highlightsHere are some of the key highlights of the paper.
World Tourism Day: How digital advances is changing the Indians travelDigital pathways have steadily and surely opened a new window for Indian travellers giving rise to employment opportunities across the coun...
Insurers need to link top management payouts with risks: IRDAIInsurers should ensure that compensation doled out to top level management personnel, including CEOs, are adjusted to risks in the business...
Vijay Merchant ceases to be independent director in HDFC BankPrivate sector lender HDFC Bank today said Vijay Merchant ceases to act as an independent director on its board following RBI's guidelines ...