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RBI amends bank board governance norms, new rules to kick in from Oct 1
In a move to bolster the banking sector, the Reserve Bank of India has unveiled new guidelines for bank board conventions, set to take effect on October 1. By adopting a principles-based strategy, these changes are designed to facilitate smoother operations for lenders, while maintaining stringent oversight on key aspects, including compliance and risk assessment.
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thehindubusinessline.com
Governance overhaul: RBI to usher in principle-based framework for banks
The Reserve Bank of India (RBI) will usher in a principle-based framework for banks, empowering their Boards to delegate routine matters to committees while retaining the ultimate…
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economictimes.indiatimes.com
RBI amends bank board governance norms, new rules to kick in from Oct 1
In a move to bolster the banking sector, the Reserve Bank of India has unveiled new guidelines for bank board conventions, set to take effect on October 1. By adopting a…
