Bank CEO

5-member jury picks him for bank's good performance under his leadership

Minister of State for Finance, Bhagwat Karad will meet the PSB CEOs on September 16 in Aurangabad

Jagdishan took over from his larger-than-life mentor Aditya Puri

Hitendra Dave is a member of Reserve Bank of India advisory committees.

The rules apply to private banks, small finance banks, and wholly owned subsidiaries of foreign banks.

For promoter CEO the limit is 12 years, says RBI as part of its latest guidelines

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

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