Control over Organization of Banks

with or without Non-Operative Financial Holding Company (NOFHC)

if it does not have a place of business in Mumbai or Kolkata.

if it has a place of business in Mumbai or Kolkata or both.

first international code endorsed by governments; revised 2004 (and again 2015 jointly with G20).

Maximum tenure: 15 years; Cooling-off: 3 years before re-appointment; Upper age: 70 years

Maximum tenure: 12 years (extendable by RBI to 15 years); Cooling-off: 3 years; Upper age: 70 years

Banking Companies: RBI licence required; Cooperative Banks (via Sec. 56): RBI licence required (since 2020)

Banking Companies: Yes; Cooperative Banks (via Sec. 56): Yes