Banking regulator the Reserve Bank of India (RBI), in September, refused to approve any further extension of Rana Kapoor’s tenure as CEO and Managing Director.
The bank’s Search and Selection Committee (SSC) and the Nomination & Remuneration Committee (N&RC) will be meeting a day before the board’s meeting.
The board will also be discussing the appointment of two independent directors to replace the board members who have resigned recently.
After the resignations of Ashok Chawla, Vasant Gujarathi and R Chandrashekhar, the board now has 7 board members.
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