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Topic : ROLLING BACK SOPS RBI THE NEXT THREAT
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RBI wants paycut for private bankers on poor show

Created by : Denip Consultants Pvt Ltd, Promoter, Denip Consultants Pvt Ltd  | 07 03 2010 17:11:50 +0000
Keywords : rbi wants paycut for private bankers on poor show
Activity:  166 views;  last activity : 09 07 2010 15:31:46 +0000
 
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Whether there should be a cut in Pay Vs Whether there should not be a cut in Pay
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no, its not linked with rbi
By HEMANT VERMA, Marketing and Branding, NAVNEET PUBLICATION INDIA LTD.  | 09 07 2010 15:31:46 +0000
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The Reserve Bank of India (RBI) on Friday proposed slashing salaries of CEOs and directors of private banks if they performed poorly, limiting hikes to 15% and curbing bonuses, mimicking regulatory proposals in other parts of the world. While the government fixes salaries for public sector bank chiefs, private banks need a clearance from RBI for remuneration of their top executives, but currently there is no cap. For its part, RBI has proposed limiting annual salary hikes of CEOs or wholetime directors of private banks at 10-15%, besides a provision for slashing remuneration in case of poor financial showing
By Denip Consultants Pvt Ltd, Promoter, Denip Consultants Pvt Ltd  | 07 03 2010 17:11:50 +0000
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