Banks Form A Panel Led By An Ex-CBI Director To Protect Top Executives
In a significant development, banks have initiated measures to address cases against lenders under the Prevention of Corruption Act by establishing a panel headed by former Central Bureau of Investigation (CBI) special director DC Jain.
Bank’s Non-Executive Directors Remuneration Increased by RBI
The Reserve Bank of India (RBI) has raised the remuneration ceiling for Non-Executive Directors of banks up to 30 lakh rupees per year from 20 lakh annually previously.
Anti-redlining rule lawsuit filed by banks
Some major banking industry groups sued the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency on Monday.
Banks seek dilution of related party norms to avoid frequent board approvals
Banks have approached the RBI with a request to amend the rules governing related-party transactions.
The RBI is seeking directors of banks to be more active
The Reserve Bank of India desires increased participation from bank directors in committee and board meetings, particularly in private banks.
RBI governor advises banks to prioritise governance
The RBI governor, Shaktikanta Das, has urged banks to tighten up on governance standards and pay close attention to the compliance, risk management, and auditing processes.
RBI invites entire Bank Boards to Discuss Governance and Ethics
Next month, the Reserve Bank of India will conduct an unusual conference with the entire boards of public and private sector banks, including international banks, to discuss governance and ethics related issues. The meeting, which will be held in two parts on May 22 and 29, will be addressed by RBI
