RBI plans to overhaul corporate governance structure of banks

Board of directors would be responsible for the remuneration and the outcome or performance and would be accountable for the risk a bank takes. Related party transactions and conflict of interest between various entities of a group to which the bank belongs also dominate the latest set of governance rules that the regulator is proposing.

from Banking/Finance-Industry-Economic Times https://ift.tt/2B1fBeK