:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

RBI NORMS ON BANKERS' PAY BY JUNE

As per the announcement made in annual policy for 2010-11, RBI would come out with norms on salaries of CEOs of private and foreign banks by June end. The guidelines will cover effective governance of compensation, alignment of compensation with prudent risk taking and disclosures for whole time directors and CEOs as well as risk takers of banks.

Currently, the salaries of top executives in private and foreign banks are approved by the RBI, after the respective bank's board gives a go-ahead to the proposal.

Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/RBI-norms-on-bankers-pay-by-June/articleshow/5836587.cms

Posted by C.B.O.A., A.P.

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