Economic TimesLean R·
RBI tightens governance framework, redefines bank board responsibilities
The RBI has revised bank board governance norms, effective October 1. Boards will now focus on strategy and risk oversight, delegating operational matters. Specialised committees will handle routine approvals and reviews, enhancing efficiency. This move aims to allow directors more time for long-term strategic issues. The changes follow draft proposals and aim for better corporate governance.
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