Supreme Court: Rape Conviction Possible Without S.376 Charge if POCSO Case Fails on Age Proof  ||  SC: Mere Long Possession Can't Establish Adverse Possession; Hostile Intent is Required  ||  Supreme Court Finds Gaps in FSSAI’s Proposed Warning Labels for Foods High in Fat, Sugar and Salt  ||  Supreme Court Quashes ITS Officer's 'Deadwood' Retirement, Orders Rs. 15 Lakh Payment  ||  Uttarakhand HC: District Magistrate to Establish Public Helpline within 24 Hrs amid Water Pollution  ||  Allahabad HC: Custodial Violence and Molestation Are Crimes, Not Police Duty  ||  Gujarat High Court: Bombay Public Trust Registration is Covered by Section 43 of the Waqf Act  ||  J&K&L HC: Advocates not Above Law, No Immunity from Lawful Police Inquiry  ||  Gauhati HC: Talaq-e-Hasan Valid, Requires Registration under Assam Marriage Act  ||  NCLAT: NCLT President Empowered to Transfer Cases from One Bench to Another    

RBI releases Discussion Paper on 'Governance in Commercial Banks in India'- (Reserve Bank of India) (11 Jun 2020)

MANU/RPRL/0090/2020

Banking

1. The Reserve Bank of India today released on its website a Discussion Paper on 'Governance in Commercial Banks in India' for public comments.

2. The objective of the discussion paper is to align the current regulatory framework with global best practices while being mindful of the context of domestic financial system. Accordingly, some of the major highlights of the paper are as follows:

i. Empower the Board of Directors to

a. set the culture and values of the organisation;

b. recognise and manage conflicts of interest;

c. set the appetite for risk and manage risks within the appetite;

d. improve the supervisory oversight of senior management;

ii. Empower the assurance functions through various interventions;

iii. Achieve clear division of responsibilities between the Board and the management; and

iv. Encourage the separation of ownership from management.

3. Improving the quality of governance in financial intermediaries is an important determinant of efficiency in allocation of resources, protection of depositors' interest and maintaining financial stability. In this endeavour, the paper has been drafted to encourage stakeholder feedback.

Tags : DISCUSSION PAPER   GOVERNANCE   COMMERCIAL BANKS  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved