The amendment would be called Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2022, it added. The central government has the right to terminate the term of office of a whole-time director, including the managing director, any time before the expiry of the term specified, by giving him a notice of not less than three months, in writing or three months' salary and allowances in lieu of notice.source https://economictimes.indiatimes.com/industry/banking/finance/banking/govt-raises-maximum-tenure-of-psu-banks-ceo-to-10-years/articleshow/95604849.cms
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