Foreign citizen as director of Banking Co.

This query is : Resolved 

02 September 2008 Although, the companies act allows foreign citizen as directors and the the banking regulation act follows the companies act as far as appointment of director is concerned (please correct me if I am wrong)...

Can a Foreign Citizen be a director in a Banking Company in India?

Thanks for response in advance.

11 September 2008 Yes is the answer by an ex-RBI guy.


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