Reserve Bank of India has come across gaps in corporate governance for certain banks said Governor Shaktikanta Das pointing out that it is necessary that Boards and the managements do not allow such gaps to creep in since they have the potential to cause volatility in the overall banking sector.
The apex bank’s Governor made the remarks at the inaugural address at the Conference of Directors of Banks organised by the Reserve Bank of India for Public Sector Banks here on Monday. Das said a robust governance structure is the first and the most important requirement for ensuring the stability of a bank as well as sustainable financial performance while listing out some of the guidelines for banks.
The Reserve Bank has issued guidelines listing out seven critical themes which need to be discussed in the Board meetings, Das said.
This story is from the May 30, 2023 edition of The Business Guardian.
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This story is from the May 30, 2023 edition of The Business Guardian.
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