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.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2MCmx5O
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