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RBI constitutes committee to review governance in banks

business Updated: Jan 21, 2014 13:11 IST
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The Reserve Bank of India (RBI) has constituted a committee to review governance at bank boards, which includes assessing the fit and proper criteria for directors and their tenures.

The eight-member committee will “review regulatory compliance requirements” of boards and “to judge what can be rationalized and where requirements need to be enhanced”, the central bank said in a statement.

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