The Reserve Bank today held a Conference in Mumbai of the Directors on the Boards of Private Sector Banks on the theme ‘Transformative Governance through Sound Boards’. The Conference had participation of over 200 Directors of Private Sector Banks, including Chairmen and Managing Directors & Chief Executive Officers.
RBI directed that sound Boards should create a governance framework that not only meets the current regulatory standards, but also proactively addresses the emerging risks, opportunities and changes in the financial landscape. RBI emphasized the importance of situational awareness for robust governance, strengthening of internal governance framework and customer centricity in the ever-evolving financial sector.
