Psb Boards

Independent boards for all agencies

Just as in private companies, it is crucial for government agencies and regulatory authorities to have a majority of independent directors on their boards

Top headlines: G20 in J&K, RBI to meet PSB directors, $ at Rs 91 in Hawala

Business Standard brings you top news at this hour

Letter to BS: Revamping governance in PSBs not as simple as it looks

The position they find themselves in is a result of politically induced, management neglected, reckless lending in the last few years

RBI tightens fit-and-proper criteria for directors on PSB boards

While the revised norms are applicable only to public sector banks, separate guidelines for private banks and non-banking financial companies may be in the offing

Letter to BS: Banks need professional boards for better governance

Since the Reserve Bank of India nominee on PSB boards is part and parcel of all decisions, the apex bank's role as a regulator fails

Govt decides against removing RBI nominees from PSB boards, cites NPA issue

Urjit Patel had said in June that no central bank nominee should be on the board of PSBs in a bid to avoid "conflict of interest"