logo
 
Reserve Bank of India (RBI) Governor Shaktikanta Das yesterday asked bank boards to strengthen the internal governance framework to curb unethical practices, such as mis-selling products or opening accounts without proper KYC verification. Das also said that the incentives for bank staff should be carefully structured to avoid encouraging mis-selling or unethical practices.

He was delivering a keynote address at the Conference of Directors of Private Sector Banks in Mumbai. The governor has also urged bank



boards to proactively manage concentration risks by monitoring portfolios, identifying over-concentration, and addressing potential vulnerabilities.

It was the second annual conference organised by the Reserve Bank with the boards of private sector banks as part of a series of engagements with them. The conference had the participation of over 200 directors of private sector banks, including chairmen, managing directors and chief executive officers.




No Comments For This Post, Be first to write a Comment.
Leave a Comment
Name:
Email:
Comment:
Enter the code shown:


Can't read the image? click here to refresh
etemaad live tv watch now

Todays Epaper

English Weekly

neerus indian ethnic wear
Latest Urdu News

Which contestant will win the Bigg Boss Telugu Season 8?

Nikhil Maliyakkal
Nabeel Afridi
Prerana Kambam