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Reserve Bank of India defers implementation of compensation guidelines of CEOs at private sector and foreign banks

The Reserve Bank of India (RBI) has deferred the implementation of guidelines on compensation of chief executive officers and directors at private sector banks and foreign banks to 2012-13. The guidelines were originally slated for implementation for 2011-2012. Last year, RBI had come out with draft guidelines proposing to limit annual salary increases of chief executive officers or whole time…

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