New playbook for India's bank boards: RBI Guv Sanjay Malhotra reveals plan for revision of guidelines

The Reserve Bank of India is set to update bank board guidelines with an aim to shift board focus from daily operations to policy matters. Central bank Governor Sanjay Malhotra announced the plan at his policy meet address. The move, which follows recent issues at HDFC Bank, will allow boards to dedicate more time to strategic policy decisions.

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