Discussions
Question
Current Affairs
What is the new maximum tenure for directors (excluding chairpersons and whole-time directors) in cooperative banks?
Official answer & explanation
A
5 Years
B
8 Years
C
10 Years
D
15 Years
Why this is correct
The Act extends the maximum tenure for cooperative bank directors to 10 years, aligning it with the 97th Constitutional Amendment to provide greater governance stability.
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