RGNUL Financial & Mercantile Law Review

This post is authored by Rajbeer Singh Saluja and Keshav Agarwal, third-year B.A. LL.B (Hons.) students at Gujarat National Law University, Gandhinagar. INTRODUCTION The Reserve Bank of India (Commercial Banks – Governance) Third Amendment Directions, 2026 marks a significant change in the private banks’ executive remuneration policy. Now share-linked instruments will be included under variable remuneration. Moreover, banks have to report the remuneration of Whole-Time Direct