Question

Under the amended RBI directions on bank board governance (effective October 1, 2026), which of the following is a new responsibility of the bank board?

A Directly managing day-to-day lending operations
B Setting the annual interest rate on savings accounts
C Defining matters reserved for board approval and reviewing delegated powers
D Approving individual loan applications above ₹10 crore
E Determining branch expansion targets for the next five years
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