Business RBI proposes new pay norms for bank CEOs, directors Updated : February 26, 2019 07:15 AM IST The RBI proposed that at least 50 per cent of compensation of senior officials of private and foreign banks, including whole time directors and chief executive officers, "should be variable". Further, in case of divergence, no proposal for an increase in variable pay (for the assessment year) should be entertained, it added Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.