Question
The primary objective of these Reserve Bank of India (Commercial Banks - Governance) Directions, 2025 is to ensure:
Solution
Governance in banking is primarily aimed at protecting depositors and maintaining the stability of the financial system and aim to strengthen corporate governance by enhancing board accountability, improving risk management, and ensuring, independent oversight.
More Corporate Governance and CSR Questions
- In the Risk Management Committee (RMCB), what is the mandatory requirement for the majority of members?
- A person is a shareholder (without management control) in a leasing company. Can they be appointed as a director in a PSB?
- A former elected CA director of a PSB cannot be allotted professional work for:
- "Related Party" for a bank includes:
- Board Diversity ensures that the Board has members with expertise in:
- A Chartered Accountant (CA) director on the board of a PSB must compulsorily:
- Dual hattingβ in context of CRO means:
- Which committee must be composed entirely of Non-Executive Directors (NEDs)?
- In the context of constitution of the Risk Management Committee of the Board (RMCB) in a financial institution, the Chairperson of the Board intends to bec...
- The Audit Committee Chair cannot be a member of any committee that: