70 years upper age for pvt bank CEOs, whole-time directors: RBI
09/09/2014 16:42
The Reserve Bank of India said the upper age limit for managing directors, chief executive officers and other whole-time directors in private banks is 70 years, in line with the Companies Act, 2013, reported Reuters.
However, banks are free to prescribe a lower retirement age for their chief executive officers and whole-time directors, the RBI said.
09/09/2014 16:42
The Reserve Bank of India said the upper age limit for managing directors, chief executive officers and other whole-time directors in private banks is 70 years, in line with the Companies Act, 2013, reported Reuters.
However, banks are free to prescribe a lower retirement age for their chief executive officers and whole-time directors, the RBI said.
