Small banks struggle to find CEOs

Small banks face challenges in appointing new CEOs due to financial constraints, salary and banking experience constraints set by RBI. North East Small Finance Bank and Kerala-based Dhanlaxmi Bank are struggling to find suitable candidates. Equitas Small Finance Bank's founder P N Vasudevan accepted the board's request to continue leading the company after an unsuccessful CEO search. RBI guidelines discourage disproportionate salaries in relation to profits, making it difficult for small banks to attract top-tier candidates.

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