India: is there a need for a stewardship code?

An interesting item to note from the published summary of a meeting last month of the Sub-Committee of the Financial Stability and Development Council, chaired by the Governor of the Reserve Bank of India: there was discussion of whether there was a need to introduce a stewardship code.

India: RBI forms committee to review operation of bank boards

India's Central Bank, the Reserve Bank of India, has formed a committee to review the operation of bank boards. The terms of reference are available here. The committee is expected to submit its report within three months of the date of its first meeting.

India: RBI discussion paper on banking structure

The Reserve Bank of India has published a discussion paper on the structure of banking in India: see here or here (pdf). The paper identifies various policy objectives and reform proposals including enhancing competition increasing financial inclusion.