Cooperative banks should not outsource policy formulation, internal audit, KYC compliance, credit approval and portfolio management.
July 3, 2021More investors will be allowed to expand their investment options and issuers will be able to tap into a larger pool of sophisticated investors.
July 2, 2021Banks will have until 1 October 2021 to comply with new rules capping the tenure of top executives at 15 years.
April 29, 2021The proposed sanctions may include a ban on former and current CEOs of three brokerage firms from working in the financial industry for up to five years.
October 8, 2020The RBI has released a discussion paper proposing reforms to improve bank governance, and has formed a working group to review rules on private sector bank ownership and control.
June 15, 2020The Reserve Bank of India plans to provide guidance rules to bank boards on setting CEO remuneration, based on certain performance-related metrics.
January 17, 2019