RBI governor to address board members of PSU banks on governance and ethics on Monday


NEW DELHI: Governor of the Reserve Bank Shakktanta Das A meeting with the boards of all public sector banks is scheduled for Monday to discuss issues related to governance and ethics. The one-day meeting organized by the Reserve Bank of India regulator is set to take place tomorrow in Delhi, sources said.
This will address directors – both full-time and independent – on issues related to governance, ethics and the role of boards in banks’ safeguarding functions, as well as highlighting regulators’ expectations.
In addition to the governor, deputy governors and executive directors of the Department of Regulation and Oversight will also speak at the meeting.
The one-day event is designed as an interactive event, inviting directors, including the bank chairman and nominee directors from both the central bank and government, to interact with the whole RBI Brass top.
On the recommendation of the Reserve Bank, the government has recently introduced many governance reforms and granted more autonomy to the boards of public banks.
The reforms also include an independent professional body for selection, objective and transparent selection and allocation based on merit and merit.
To appoint full-time directors in public sector banks and financial institutions, the government established the Banks Board Bureau (BBB) ​​in 2016, which was renamed the Banks Board Bureau (BBB). Office of Financial Services Institutions (FSIB) last year.

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