ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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RBI Moves to Shake Up Governance at Banks

The Reserve Bank of India’s discussion paper on “Governance in Commercial Banks in India” is refreshing in that it takes an approach to governance that is ownership-neutral. This shows a recognition that there are governance issues at private banks, not just at public sector banks. The significant proposal is distancing of four key functions at banks from the chief executive officer. The RBI may benefit from incorporating radical proposals made in other places such as the United Kingdom.



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Updated On : 24th Aug, 2020

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