What should be the age of person elected as the Board of Directors in Public Sector Banks under the ‘Fit and Proper’ criteria? (A) 35-68 years(B) 35-70 years(C) 30-60 years(D) 35-67 years(E) 33-65 years

What should be the age of person elected as the Board of Directors in

1.	What should be the age of person elected as the Board of Directors in Public Sector Banks under the ‘Fit and Proper’ criteria? (A) 35-68 years(B) 35-70 years(C) 30-60 years(D) 35-67 years(E) 33-65 years
Answer» The RBI has decided to APPOINT the board of directors of Public Sector Banks according to ‘fit and proper’ criteria only. As per the new directions, all the banks will have to constitute NOMINATION and Remuneration Committee with a MINIMUM of three non-executive directors from the board of directors. The candidate for elected director must be a graduate with some PROFESSIONAL experience in the area of Banking and aged between 35-67 years.