Friday 13 June 2014

India: the governance of bank boards - review committee report published

The Reserve Bank of India has published, for public comment, the report of the committee formed to consider the governance of bank boards: see here. Wide-ranging recommendations are made in respect of private and public sector banks, some of which are reflected in new legislation proposed by the Committee (including a Banking Sector Governance Act, a draft of which is included in the report). In particular, a uniform governance framework is proposed for the entire banking sector.

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