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Government Amends Procedure For Appointment of Non Official Directors (Nods) on The Boards of Public Sector Banks Insurance Companies and Financial Institutions to Professionalise the Boards

Dated:- 1-4-2015 - The Government of India has amended the procedure for appointment of Non Official Directors (NoDs) on the Boards of Public Sector Banks (PSBs), Insurance Companies and Financial Institutions with a view to professionalise the Boards of these banks and further provide required skill sets to improve the quality of deliberations on the Boards of these banks leading to efficient management of these banks and further leading to better profitability ratios. Salient features of the r .....

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