2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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65 years
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60 years
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70 years
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68 years
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Detailed explanation-1: -With regard to upper age limit for MD & CEO and WTDs in the private sector banks, the RBI said that no person can continue in such positions beyond the age of 70. The maximum age limit for chairman and non-executive directors has been fixed at 75 years.
Detailed explanation-2: -The government has raised the maximum tenure of the managing director (MD) and chief executive officer (CEO) of public sector banks (PSBs) to 10 years from five years, while retaining the superannuation age at 60.
Detailed explanation-3: -The Government of India has released a notification increasing the maximum tenure of Chief Executive Officers (CEOs) and Managing Directors (MDs) of public sector banks to 10 years.
Detailed explanation-4: -Maximum 70 years age for retirement for MD/CEO of all private banks is.
Detailed explanation-5: -The Reserve Bank of India (RBI) on Tuesday said managing directors (MDs) and chief executive officers (CEOs) of asset reconstruction companies (ARCs) cannot have more than three terms in office, with each term not exceeding five years.