Role and Expectations of Directors of Urban Co-operative Banks: Upholding Governance and Professionalism with Capacity Buidling and Technology Upgradation (Speech by Shri Swaminathan J, Deputy Governor, Reserve Bank of India - January 24, 2024 - at the Conference of Governance in Urban Co-operative Banks for UCBs in Andhra Pradesh, Karnataka, Kerala and Telangana held in Hyderabad) https://www.taxtmi.com/news?id=27191 Directors of Urban Co-operative Banks must safeguard depositor interests through robust governance, comprising fit-and-proper board composition, comprehension of financial statements and audit reports, adherence to system-based asset classification where required, strict underwriting standards, avoidance of connected-party lending, monitoring of concentration and large exposures, and ensuring effective compliance, internal audit, vigilance and fraud reporting with sustained corrective action. en-us Mon, 29 Jan 2024 18:04:33 +0530 Mon, 29 Jan 2024 18:04:33 +0530 TaxTMI RSS Generator Role and Expectations of Directors of Urban Co-operative Banks: Upholding Governance and Professionalism with Capacity Buidling and Technology Upgradation (Speech by Shri Swaminathan J, Deputy Governor, Reserve Bank of India - January 24, 2024 - at the Conference of Governance in Urban Co-operative Banks for UCBs in Andhra Pradesh, Karnataka, Kerala and Telangana held in Hyderabad) https://www.taxtmi.com/news?id=27191 Directors of Urban Co-operative Banks must safeguard depositor interests through robust governance, comprising fit-and-proper board composition, comprehension of financial statements and audit reports, adherence to system-based asset classification where required, strict underwriting standards, avoidance of connected-party lending, monitoring of concentration and large exposures, and ensuring effective compliance, internal audit, vigilance and fraud reporting with sustained corrective action. News - Mon, 29 Jan 2024 18:04:33 +0530 https://www.taxtmi.com/news?id=27191