Multiple choice

He/she had to step down from the global board of Nestle, SA, after RBI insisted to make it a pre-condition for approving his/her appointment as CEO of HSBC?

  1. Chanda Kocher

  2. Naina Lal Kidwai

  3. Yashwant Sathe

  4. S K Purwar
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Naina Lal Kidwai had to step down from Nestle SA's global board after RBI made it a precondition for approving her appointment as CEO of HSBC India. This was due to RBI's conflict-of-interest guidelines restricting board positions in other companies for top bank executives.

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