Banks urge RBI for boards' workload mgmt
Business Standard|November 19, 2024
Private sector bank board members have urged the Reserve Bank of India (RBI) top brass to consider workload management of the boards as they feel there are too many issues that go to the boards for approval and the situation becomes unmanageable at times.
MANOJIT SAHA

The views were conveyed to the regulator on Monday in a conference of directors of private sector bank boards on the theme "Transformative Governance Through Sound Boards". RBI governor Shaktikanta Das, deputy governors Swaminathan J and M Rajeshwar Rao, and other senior officials of the central bank participated in the conference.

"There is a need to revisit agendas that are presented to the board...it is becoming unmanageable as too many things go to the board for its approval," said a private sector bank board member, who attended the conference, on the condition of anonymity.

"We need to see if some of these agendas can be delegated down the line," the person said.

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