Multiple choice

The Reserve Bank of India (RBI) has decided to withdraw its nominee directors from the boards of which of the following types of banks?

  1. Co-operative Banks

  2. Nationalized Banks

  3. Private Sector Banks

  4. Foreign Banks

  5. None of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The RBI decided to withdraw its nominee directors from the boards of private sector banks to improve corporate governance and avoid potential conflicts of interest. This move allowed these banks more autonomy in their management decisions.