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    <title>THOUGHTS ON GOVERNANCE INDIAN BANKING SYSTEM</title>
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    <description>Corporate governance in banks must be reinforced by documented board responsibilities, a board-approved Code of Conduct covering directors and one level below, formal induction and annual training, and alignment of directors&#039; duties with statutory fiduciary standards. Boards should constitute dedicated committees-including Governance &amp; Compliance, NPA Management, Ethics, and IT/Cyber Security-conduct regular assessments and due diligence, and ensure that Risk, Audit and Compliance functions operate independently with coordinated reporting, frequent Audit Committee meetings, and structured performance-linked remuneration tied to risk and long-term strategy.</description>
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