<h1>RBI Forms Expert Committee to Review Governance of Bank Boards in India; Focus on Compliance, Ownership, and Board Composition.</h1> The Reserve Bank of India has established an Expert Committee to examine the governance of bank boards in India. The Committee, led by a former bank chairman, includes members from various financial and consulting sectors. Its mandate is to review regulatory compliance, assess the effectiveness of bank boards in strategic and governance matters, evaluate central bank guidelines on ownership, and analyze board composition for capability and independence. It will also address potential conflicts of interest and review director qualifications and compensation. The Committee is tasked with delivering its findings within three months of its initial meeting.