https://www.taxtmi.com/news?id=72317 Reserve Bank of India has issued draft governance amendment directions for commercial banks, small finance banks, payments banks and local area banks for public comments. The proposed changes follow a comprehensive review and rationalisation of existing instructions on matters to be placed before bank boards, including their periodicity, so that boards may focus more effectively on strategy and risk governance. The draft framework replaces the earlier seven broad themes with principle-based guidance on board matters and retains RBI's ability to mandate policies and items for board approval, review or information. en-us Thu, 09 Apr 2026 10:48:09 +0530 Thu, 09 Apr 2026 10:48:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72317 Reserve Bank of India has issued draft governance amendment directions for commercial banks, small finance banks, payments banks and local area banks for public comments. The proposed changes follow a comprehensive review and rationalisation of existing instructions on matters to be placed before bank boards, including their periodicity, so that boards may focus more effectively on strategy and risk governance. The draft framework replaces the earlier seven broad themes with principle-based guidance on board matters and retains RBI's ability to mandate policies and items for board approval, review or information. News - Thu, 09 Apr 2026 10:48:09 +0530 https://www.taxtmi.com/news?id=72317