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Banks must swear by RBI’s norms on governance
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Radical reforms are also needed from the govt for a material improvement in the governance of PSBs
The Reserve Bank of India (RBI) issued operative guidelines with regard to the appointments of MD and CEO, Whole Time Director, Chairperson, Non-Executive Directors and composition of important committees last month, as part of its measures to strengthen corporate governance standards in commercial banks.
Further, the regulator plans to bring out a ‘Master Direction on Governance’ in commercial banks, based on the ‘Discussion Paper on Governance in Commercial Banks in India’.
The discussion paper, as well as the recent instructions on appointments of directors and constitution of important committees, gives much importance to the roles of independent and NEDs in developing an efficient and effective ‘corporate governance model’ in banks. ....

Pj Nayak Committee , Kumar Mangalam Birla Committee , Risk Management Committee , Audit Committee Of Board , Reserve Bank , Whole Time Director , Non Executive Directors , Master Direction , Discussion Paper , Commercial Banks , Managing Director , Audit Committee , Quality Review , Chief General Manager , பி.ஜே. நாயக் குழு , குமார் மங்கலம் பிர்லா குழு , ஆபத்து மேலாண்மை குழு , தணிக்கை குழு ஆஃப் பலகை , இருப்பு வங்கி , முழு நேரம் இயக்குனர் , அல்லாத நிர்வாகி இயக்குநர்கள் , குரு திசையில் , கலந்துரையாடல் காகிதம் , வணிகரீதியானது வங்கிகள் , நிர்வகித்தல் இயக்குனர் , தணிக்கை குழு ,