Business Standard

Succession planning at pvt banks is a major issue: RBI on board governance

At a first-of-its kind open house with bank boards next month, Mint Road can be expected to do some plain speaking on long-festering issues of management and ethics

Reserve Bank of India

FILE PHOTO: A security personnel member stands guard at the entrance of the Reserve Bank of India (RBI) headquarters in Mumbai | Photo: Reuters

Raghu Mohan New Delhi
Mint Road’s decision to call for a meeting of the board of directors of state-run and private banks on May 22 and 29 to discuss “issues related to governance, ethics, the role of the boards, and supervisory expectations” needs to be read in the context of several long-standing concerns.

Succession planning at private banks is one hot button issue. On September 9, 2014, the Reserve Bank of India (RBI) made clear that the upper age limit for corner-room occupants in private banks should be 70 years. Yet, much drama unfolded in the race to find successors to both Romesh Sobti

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 27 2023 | 6:57 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to