India, April 9 -- In a bid to promote ease of doing business, Reserve Bank Governor Sanjay Malhotra on Wednesday proposed to revise and rationalise guidelines to facilitate better utilisation of bank board's time and draft directions in this regard would be released shortly.

The matters to be placed before the Boards of banks, along with their periodicity, are determined by the Boards themselves, guided by the seven broad themes prescribed by the Reserve Bank of India.

Meanwhile, 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 utilise its time effectively, and to facilitate a more focused and qualitative engagement o...