These gaps have the potential to cause some degree of volatility in the banking sector, says RBI Governor Shaktikanta Das
RBI Governor Shaktikanta Das on Monday said the Reserve Bank of India has found some gaps in governance at certain banks, and these gaps have the potential to cause some degree of volatility in the banking sector.
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“While these gaps have been mitigated, it is necessary that Boards and the managements do not allow such gaps to creep in,” Das said during a speech, according to an ET report.
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The RBI governor, according to the report, said it is of utmost importance that the directors “keep themselves updated with material changes in the bank’s internal environment as well as the external factors that have a bearing on the bank”.
