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    <description>Corporate governance in banks focuses on protecting depositor and public interests by enforcing qualitative standards: internal controls, risk management, board composition, and disclosure. It requires a knowledgeable board with independent directors, a clear code of conduct, and board level committees-audit, risk management, compensation and nominations-with defined mandates, expertise, periodic rotation and transparent disclosure. Committees oversee auditors, risk exposures, remuneration alignment with culture and control environment, and board effectiveness, supported by systems for compliance, customer grievance redressal, and internal monitoring.</description>
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