“Mr. Varadarjan said that the Central Registrar of Cooperative Societies, a few days ago, had decided to give option to multi-state cooperative banks to relax the superannuation age of MD/Chief Executive Officers from 60 years to 70 years with the approval of Boards of respective institutions.
Repco Bank is one among the two such multi-state cooperative banks in Tamil Nadu coming under the option, which was aimed at retaining talented persons at the top.” – The Hindu August 20 2015
Hope that clarifies the MD issue(for repco bank).
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