RBI prescribes norms for appointment of MD/WTD in primary urban co-operative banks; debars MPs/MLAs from these posts

RBI has issued directions for appointment of MDs and WTDs in primary urban co-operative banks, RBI further mentioned that MPs, MLAs and representatives of municipal firms won’t be eligible to carry such positions within the major urban cooperative banks (UCBs). RBI prescribed that MD/WTD must be a publish graduate or have qualifications in finance self-discipline. These directions are applicable to all Primary (Urban) Co-operative Banks (UCBs).RBI has issued directions for appointment of MDs and WTDs in primary urban co-operative banks, RBI further mentioned that MPs, MLAs and representatives of municipal firms won’t be eligible to carry such positions within the major urban cooperative banks (UCBs). RBI prescribed that MD/WTD must be a publish graduate or have qualifications in finance self-discipline. These directions are applicable to all Primary (Urban) Co-operative Banks (UCBs).taxmann.com Latest Statutory HappeningsRead More

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