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Informist, Wednesday, Apr. 8, 2026

 

--RBI Malhotra: To revise, rationalise matters related to banks' boards 

--RBI Malhotra: Comprehensively reviewed extant norms on banks 

 

MUMBAI – In an effort to enable the boards of banks to use their time effectively, the Reserve Bank of India has proposed to revise and rationalise matters related to the same, according to the central bank's statement on developmental and regulatory policies released Wednesday. Draft directions for public consultation in this regard will be issued shortly, it said.

 

"...to facilitate better utilisation of bank boards' time, after a comprehensive review of all our extant instructions, we propose to revise and rationalise the matters requiring its attention," RBI Governor Sanjay Malhotra said in his monetary policy statement Wednesday.

 

The RBI also mandated certain policies and matters to be placed before the boards for approval, review, or information. The RBI's Monetary Policy Committee Wednesday left the policy repo rate unchanged at 5.25% in an unanimous decision.  End

 

Reported by Ashutosh Pati

Edited by Avishek Dutta

 

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