The RBI has increased the ceiling on fees payable to non-executive directors of banks to 30 lakh rupees per year from the existing level of 20 Lakh rupees.

• The revision comes two years after RBI came out with new guidelines for directors as a part of corporate governance, where it capped the remuneration for non-executive directors, excluding the chair of the board.
• RBI said that it revised the celling in recognition of the vital role of non-executive operation of bank boards and their various committees.