Download Link Below
If you refer to current affairs, you are referring to political events and problems in society which are discussed in newspapers, and on television and radio.
i.MD/Chief Executive Officer(CEO) is the person who is assigned for the management of the whole affairs of the UCB, as per the directions of the RBI from time to time. The MD should also function under the direction and control of the BoD.
ii.WTD/Executive Director may be appointed by the bank (based on need), the functions that can be performed by WTD will be decided by the BoD. The WTD should report to the MD.
Note – The RBI has issued the above directions in terms of powers conferred under Sections 10, 10B, 10BB, 35A, 35B, 36AA and 53A (read with Section 56) of the Banking Regulation Act, 1949 (as amended), relating to appointment, re-appointment, termination and removal of MD and WTD.
