5(RBI's Fit and Proper Regim) Flashcards
1
Q
What is Fit and proper regime
A
These are guidline by RBI that need to be follwed by NRC.
2
Q
What is NRC
A
Nomination and Remuneration Committee
3
Q
What is the functions of NRC
A
It gives name to Bank board bureau to choose form their list.
4
Q
WHat are changes or guidnlines included now
A
1 3 Non executive directors
2 half of them to be independent
3 1 member from risk mng committee
5
Q
is it for prvt banks?
A
no…only psu
