RBI calls meeting of all bank boards to discuss governance, supervisory

Ethics, supervisory expectations may also figure in May 29 meeting

The Reserve Bank of India (RBI) has called a meeting of the board of directors of all banks — state-run, private, and foreign — on May 29 to primarily discuss “issues related to governance, ethics, the role of the boards, and supervisory expectations”, a top source told Business Standard.

RBI Governor Shaktikanta Das, deputy governors, and the executive directors of the central bank’s Department of Supervision, Department of Regulation, and Enforcement Department will steer the first-of-its-kind interaction.

In case the meeting with the boards of banks of all hues is not possible on May 29, it can be staggered, the source said,