Need stronger governance, internal controls in urban cooperative banks: RBI Deputy Guv

In a recent address, RBI Deputy Governor Swaminathan J urged urban cooperative banks to strengthen their governance frameworks and adopt technological advancements. He pointed out the critical need for better collaboration between the RBI and cooperative authorities. Deputy Governor Shirish Chandra Murmu reinforced the importance of having professional boards and solid internal controls. Additionally, Shiv Pal Singh emphasized the need for swift handling of liquidation processes within banks.

Raccontata daeconomictimes.indiatimes.com