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RBI tightens pay norms for bank chiefs; says compensation must be linked with risk outcomes

Updated : November 05, 2019 07:39 AM IST

Mix of cash, equity and other forms of compensation must be consistent with risk alignment, says RBI
At least half of the total compensation of bank chiefs will now mandatorily have to be in the form of variable pay
RBI tightens pay norms for bank chiefs; says compensation must be linked with risk outcomes

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