Govt raises maximum tenure of PSU Banks' MD and CEO from 5 years to 10 years
The term of the appointment has been raised from the previous 5 years to 10 years, subject to the superannuation age of 60 years.
Source: businesstoday.in
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Government Raises Maximum Tenure Of PSU CEOS To 10 Years
The central government will have the right to terminate the term of office of a full-time director, including the MD, any time before the expiry of the term specified, by giving him a notice of minimum of three months, , psu banks, amendments, ceo forum, banks
Source: businessworld.in
Public sector banks (PSBs) - Centre raises maximum tenure of public sector undertaking banks' CEO to 10 years
The move aims to help the government retain the best talent in the banking sector
Source: telegraphindia.com
PSU banks - Central government raises maximum tenure of PSU bank chiefs to 10 years
Move is expected to help these lenders retain good talent
Source: telegraphindia.com
Centre announces salary hike for public sector insurance companies, to pay arrears for last 5 years
All employees of these companies, including officers, will get arrears for five years.
Source: dnaindia.com