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Bureaucracy

Non Exec chairpersons of PSBs cannot head Nomination Committee

The Non-executive Chairperson of public sector banks may be appointed as a member of the Nomination and Remuneration Committee of Public Sector Banks but shall not chair such Committee. The Board should also nominate one among them as Chairman of the Committee as per the norms of Reserve Bank of Ind

By Whispers in the Corridors 1 min read

The Non-executive Chairperson of public sector banks may be appointed as a member of the Nomination and Remuneration Committee of Public Sector Banks but shall not chair such Committee. The Board should also nominate one among them as Chairman of the Committee as per the norms of Reserve Bank of India (RBI).

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