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Let Non Exec Dirs. of PSBs perform role of Independent Dirs.: BBB

The Banks Board Bureau (BBB) in its March 2018 report has mentioned that Non-executive Directors nominated or appointed by the Government on Public Sector Bank (PSB) Boards may not fulfill the criteria of Independent Directors. Nevertheless, these Non-executive directors be empowered to perform the

By Whispers in the Corridors 1 min read

The Banks Board Bureau (BBB) in its March 2018 report has mentioned that Non-executive Directors nominated or appointed by the Government on Public Sector Bank (PSB) Boards may not fulfill the criteria of Independent Directors. Nevertheless, these Non-executive directors be empowered to perform the role of Independent Directors.

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