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Jackpot Sure Shot Tip

Jackpot tip, as the name suggests has the potential to get you more money Profit as it is not the number of tips one trades; but it is the accuracy of a single tip which has the potential to help you realise your financial dreams. This tip is a value for money for all i.e whether one can see the trading terminal or not or is dealing through a broker on phone at BSE, NSE or in F&O. Thus you are on a correct path of making money every day with single daily accurate tip. Click on Image or Post Title to Read More.

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If You are Looking for 150-300 points in Intraday Bank Nifty Option everyday; then you must Check our Bank Nifty option tips which provide Large Targets and Small Stop Loss. The aim is to make Rs 3000-6000 almost daily by trading One Lot in Bank Nifty. You just require 10k to start trading in Bank Nifty. We even provide free guidance for Option trading who have never ventured in this segment. Click on Image or Post Title to Read More.

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An award is something which is awarded based on Merit. Awards & Recognition are a must in Life as it provides the necessary vigour to keep progressing ahead in Life. Awards do not only acknowledge success; they recognise many other qualities: ability, struggle, effort and, above all, excellence. This is the reason that for past 22 Years we have been christined as Best Stock Market Tips Provider & we are at the 'Top' in this field. Check out our Awards by clicking on Image or Post Title Now!!

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How RBI is Changing Rules to Not to have another Yes Bank Fiasco?

RBI Seeks Greater Separation Between Bank Ownership And Management and this article is worth reading as it is going to lay down the foundation where a similar situation like Yes bank does not arise ever hereafter.

The Reserve Bank of India, in a discussion paper, has proposed greater separation between the owners of a bank and its management. It has also suggested a maximum tenure for a professional chief executive officer. The suggestions have been put forth in a discussion paper titled "Governance in Commercial Banks in India", with suggestions and comments sought till July 15.

Promoter-CEOs

Any major shareholder or promoter of a bank, who holds the position of the chief executive officer or whole-time director, may continue in that position only for 10 years, the discussion paper said, after which the person should step down and make way for professional management. The
the same principle will apply to whole-time directors as well.

The same principle will apply to whole-time directors as well. To build a robust culture of sound governance practice, professional management of banks and to adopt the principle of separating ownership from management, it's desirable to limit the tenure of the whole-time directors or CEOs.

Professional CEOs

For professional CEOs or whole-time directors, who are not promoters, the person may continue in the position for 15 consecutive years. Once this tenure is completed, the person would have to step down from the position, for a minimum period of three years. During this period, the person cannot
be associated with the bank in any form of management or in any advisory capacity.

Transition Plan

While the proposals are still in the discussion stage, the RBI has proposed a transition plan should the suggestions become regulations. "On the date of issuance of the guideline/directions on the matter by the Reserve Bank (basis this discussion paper), banks with WTDs or CEO who have completed 10 or 15 years shall have two years or up to the expiry of the current tenure, whichever is later, to identify and appoint a successor," the discussion paper said.

Suggested Age Limit Unchanged

The central bank also reiterated that the CEO or whole-time director of the bank will be subject to an upper age limit of 70 years. After this, the CEO or whole-time director will not be allowed to continue in the position at the bank

The appointment, re-appointment or termination of whole-time directors or the CEO shall only be permitted with the RBI's prior approval. Any re-appointment request must be sent at least six months prior to the completion of the current tenure of whole-time directors or the CEO. In case of a new CEO or whole-time director being appointed at the bank, the request must be sent at least four months before completion of the tenure of the current official.

The application of appointment must have names of two persons in the order of preference, the RBI said. The process for identification of each senior management personnel must be vested with the nomination and remuneration committee of the board with the approval of the board. The identification shall also include assessment of "fit and proper" requirement as carried out for directors of the board.

The identification shall also include assessment of "fit and proper" requirement as carried out for directors of the board, the RBI proposed in its discussion paper.

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Jackpot Sure Shot Tip

Jackpot tip, as the name suggests has the potential to get you more money Profit as it is not the number of tips one trades; but it is the accuracy of a single tip which has the potential to help you realise your financial dreams. This tip is a value for money for all i.e whether one can see the trading terminal or not or is dealing through a broker on phone at BSE, NSE or in F&O. Thus you are on a correct path of making money every day with single daily accurate tip. Click on Image or Post Title to Read More.

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An award is something which is awarded based on Merit. Awards & Recognition are a must in Life as it provides the necessary vigour to keep progressing ahead in Life. Awards do not only acknowledge success; they recognise many other qualities: ability, struggle, effort and, above all, excellence. This is the reason that for past 22 Years we have been christined as Best Stock Market Tips Provider & we are at the 'Top' in this field. Check out our Awards by clicking on Image or Post Title Now!!

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