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Sign in to searchMandatory Cooling-off Period of 3 Years for UCBs and RCBs
The Reserve Bank of India (RBI) has introduced a mandatory cooling-off period of three years for directors of Urban Cooperative Banks (UCBs) and Rural Cooperative Banks (RCBs) after completion of ten continuous years on the board. The reform has been implemented under Section 10A(2A)(i) of the Banking Regulation Act, 1949 to strengthen corporate governance and im
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RBI mandates 3-year cooling-off period for UCB and RCB directors after 10 years to strengthen governance, prevent group dominance, and enhance financial stability in cooperative banking.
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