The Reserve Bank on Thursday asked Urban Cooperative Banks (UCBs) not to create any honorary position or title such as Chairman Emeritus and Group Chairman at the board level as it results in the creation of a shadow authority.
The mega LIC IPO Price Band has been fixed at Rs 902-949 per share with Rs 60 discount per share for policyholders and a Rs 40 discount per share for retail investors and employees.
EXAMIANS