IANS | 29 May, 2023
Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday said the
central bank has noticed gaps in the governance of some banks, even
though it has issued guidelines for the same.
"It is
necessary that boards and managements do not allow such gaps to creep
in," Das said at a conference of banks' directors organised by the RBI
in Mumbai.
The event was organised for private sector lenders by the apex bank.
"While
these gaps have been mitigated, it is necessary that boards and the
managements do not allow such gaps to creep in," Das said in his speech.
The
RBI governor further said that it is the joint responsibility of the
chairmen of the banks' board and the directors to ensure robust
governance.
He added that it is important that the directors
should keep themselves updated with the bank's internal environment as
well as the external factors that impact their functioning.
