PSU banks can't push people of choice on their boards https://ift.tt/2YG1EJk - Walletnews For Me

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    Saturday, August 3, 2019

    Home Business News: Latest News on Business Financial News India Business & World Business News Stock Markets PSU banks can't push people of choice on their boards https://ift.tt/2YG1EJk

    PSU banks can't push people of choice on their boards https://ift.tt/2YG1EJk

    RBI on Friday came out with new master directions on fit and proper guidelines for elected directors on the board of Public Sector Banks. Elected representatives such as MPs, or state legislature or municipal corporation cannot be shareholder representatives on bank boards. PSBs will no longer be able to manoeuvre people of their choice into board positions.
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