CRITERIA FOR MAKING PAYMENT TO NON-EXECUTIVE DIRECTORS
All Non-Executive Directors of the Bank (except RBI Nominee Director) are being paid sitting fee for the Board /Committee Meetings attended by them @ Rs. 40,000 for each Board/Committee Meeting, apart from reimbursement of Boarding/Lodging expenses for attending Board/Committee Meetings.
In addition to above, all Non-Executive Directors (except RBI Nominee Director) are entitled to profit related compensation to the extent of one percent of the profits of the Bank for the relevant financial year, subject to a maximum of Rs 10 Lakhs per annum per Director.
The details of payment made to the Non-Executive Directors in a Financial Year are available in the respective Annual Reports of the Bank.