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The Reserve Bank of India (RBI) laid down guidelines for appointment of chief compliance officer (CCO) in banks. What should be the minimum tenure of CCO?
2 years
4 years
2.5 years
3 years
5 years
- The Reserve Bank of India (RBI) has set guidelines for appointing a Chief Compliance Officer (CCO) in banks.
- These guidelines aim to ensure stability and consistency in compliance functions.
- ?? Option 4: 3 years is the correct answer. The minimum tenure for a CCO, as stipulated by the RBI, should be 3 years.
- Other options such as 1, 2, 2.5, and 5 years are incorrect as per these specific guidelines.
- A stable tenure helps the CCO implement long-term compliance strategies effectively.
By: Parvesh Mehta ProfileResourcesReport error
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