RBI doesn’t relent, chiefs of private banks need to retire at 70

Some bankers had raised the issue of bringing RBI’s rules on a par with the new Companies Act that allows CEOs to continue till the age of 75. But RBI is of the view that 70 years is a reasonable age for a private bank chief to hang his boots as banking is a high-pressure job. RBI has already conveyed this to boards of banks that decide on a CEO.

from Economy-News-Economic Times https://ift.tt/2N9fAsY
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