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Bifurcation of Top Posts in Public Sector Banks

Dated:- 25-4-2015 - The Government approved the proposal to separate the posts of Chairman and Managing Directors in Public Sector Banks (PSBs). While the Chairman would be non-executive, Managing Director and Chief Executive Officer (MD&CEO) wou .....

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day-to-day management of the Bank. The separation would bring in inappropriate checks and balances and there would be accountability at the board level as the person executing will be answerable to a board that is headed by a different non-executive .....

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