Blow to Uday Kotak as RBI caps tenure of bank founders, CEOs

“While examining the matter of re-appointment of such MD&CEOs or WTDs within the 12-15 years period, the level of progress and adherence to the milestones for dilution of promoters’ shareholding in the bank shall also be factored in by the Reserve Bank,” the regulator said.

from Banking/Finance-Industry-Economic Times https://ift.tt/3tUQCAr