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Thursday, December 04, 2025 | 05:38 AM ISTहिंदी में पढें
Building bridges anew: RBI, banks must fine-tune board roles in governance
The developments at IndusInd Bank have led RBI's senior supervisory managers (SSMs) to take a closer look at bank boards, including the agenda presented, the time spent discussing specific items
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Banks’ compliance heads say (off-record) that a directive spelling out measures to improve governance may be in the offing. | Image: Shutterstock
Last week, Tuhin Kanta Pandey called for redefining the role of independent directors (IDs): that they must be regarded and treated as stewards of accountability. “We cannot continue to view them as honorary appointees or friendly critics. They must be viewed and treated as stewards of accountability,” said the chairman of the Securities and Exchange Board of India (Sebi). For bankers, it was a déjà vu moment. Shaktikanta Das, as governor of the Reserve Bank of India (RBI), had in May 2023 observed, “It is necessary that ‘independent’ directors are truly independent.”
The developments at IndusInd Bank have led RBI’s
