RBI Governor calls for system to evaluate performance of bank chiefs
The RBI has issued a discussion paper on proposed guidelines for compensation in private banks which also specifies minimum variable pay component and clawback arrangements, among others
The performance of chiefs of public and private sector banks should be closely monitored by the Board of Directors either through a sub-committee or an external peer group review, according to Reserve Bank of India (RBI) Governor Shaktikanta Das.
An effective performance evaluation system should also be put in place for banks to improve their financial and operating parametres, he said at NIBM, Pune, on Saturday.
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