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RBI steps up scrutiny of private bank CEOs; gives only 3-year term for Sandeep Bakhshi

The RBI appears to have tweaked its norms for appointment of bank chiefs, opting to play safe given the state of the banking sector. The regulator yesterday approved the appointment of Sandeep Bakhshi as ICICI Bank's Managing Director and Chief Executive Officer for just three years against the five-year term sought by the lender.

 
 
The Reserve Bank of India (RBI) on Tuesday released guidelines to facilitate payments among different mobile wallets, a move aimed at promoting digital transactions.
October 16 had reportedly been set as a date for the personal hearing, cross-questioning and recording of her statement.
The Monetary Policy Committee of Reserve Bank of India (RBI) changed its stance from 'neutral' to 'calibrated tightening'.
Though Bakshi will take control of the reins of the second-largest private bank, he will not get any additional remuneration for his new role as the CEO.
 
 
It may appear that SBI is coming to bailout the NBFCs, but it can be a win-win situation for both and will also help SBI to improve its retail portfolio.
The Yes Bank board would take a final decision on Rana Kapoor's successor by December 15.
P S Jayakumar, an ex-citibanker turned entrepreneur, had joined Bank of Baroda in October, 2015. Jayakumar is a chartered accountant by qualification.
He will succeed B Sriram, who retired on September 30 after holding the office for three months.
The Reserve Bank of India's (RBI) monetary policy committee (MPC) will announce its key policy decision later this afternoon.
Chanda Kochhar on Thursday quit as the CEO of ICICI Bank. The ICICI Bank Board has accepted Kochhar's request to seek early retirement.
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