MUMBAI, India, April 8 -- Reserve Bank of India issued the following press release:
The matters to be placed before the Boards of Commercial Banks along with their periodicity are determined by the Board themselves, guided by the seven broad themes prescribed by the Reserve Bank of India. In addition, the Reserve Bank has also mandated certain policies and matters to be placed before the Board for approval, review, or information. In an endeavour to enable Boards to utilize their time effectively, and to facilitate a more focused and qualitative engagement on strategy and risk governance, the Reserve Bank has undertaken a comprehensive review and rationalization of all such instructions. Further, the seven themes mentioned above have been ...