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    Appnmt of Ceos and Directors of STCBS As Per Fit&proper Criteria Circular

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    Appnmt of Ceos and Directors of STCBS As Per Fit&proper Criteria Circular

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    praveena
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    Appnmt of Ceos and directors of StcBS as per Fit&proper criteria circular

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    90 views1 page

    Appnmt of Ceos and Directors of STCBS As Per Fit&proper Criteria Circular

    Uploaded by

    praveena

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Download as pdf
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    NABARD No.NB.IDD.COOP //35] / V-52 /2017-18 17 January 2018 Cireular No./3, /IDD-01/2018 ‘The Registrar of Cooperative Societies (RCS) All States and Union Territories Dear Sir Appointment of Directors and CEOs of State Cooperative Banks (StCBs) itral Cooperative Banks (DCCBs ‘Fit and Proper Criteria’ ‘The Fit and Proper criteria for appointment of CEOs in StCBs/ DCCBs issued by RBI are currently being adopted by StCBs/ DCCBs with effect from 05 July 2011. RBI has since relaxed the age limit for the appointment of CEOs of StCBs/ DCCBs, vide letter DCBR.CO.RCBD.No2365/19.51.022/2017-18 dated 04 January 2018, as under: i) _ Forentry level eligibility to be relaxed to 62 years ii) For superannuation, the upper age limit to be fixed at 70 years. However, the age of superannuation may be decided by RCS of the respective States after taking into consideration the recommendations, if any, of the Board of directors (BoDs) of the individual StCB and DCCBs. Within the overall limit of 70 years, individual StCB/ DCCB Boards are free to prescribe a lower retirement age for the CEO, as an internal policy, subject to approval of RCS of the respective State. 2. Accordingly, the States are requested to make necessary revisions in the appointment criteria of the CEOs of StCBs/ DCCBs, based on the State Service Rules and Regulations, within the entry level eligibility of 62 years and overall upper age limit of 70 years. The same may also be placed before the individual Boards of StCBs/ DCCBs for approval and adoption in the respective service regulations. ‘Yours faithfully (Sarita Arora) Chief General Manager arsdter aft site arattor Framer ar National Bank for Agriculture and Rural Development ———__—— “steers fever rer cite 24, ets, wig brat, ia (GE, sf 400 051. Et: +9122 26524849 + BA: +91 2 26530089 § HAE kd @naard.org Institutional Develpoment Department Plot No. -24,°6 Block, Bandra-Kurla Complex, Bandra (E), Mumbai 400 O51» Te: +9122 26524843 + Fax: +9122 26530089 + E-mail DiC A Meee

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