RBI nominee directors to handle risk management

INDIA - Following adverse criticism in the Lok Sabha of the role of RBI and government directors on bank boards, the ministry of finance has decided to concentrate on risk management skills of nominee directors of Reserve Bank of India and the government on the boards of PSU banks.

It is felt that the trained nominee director will add value to banking operations, thus helping the banks perform.

The minister of state for finance Balasaheb Vikhe Patil has observed in a note that large non-perfor

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