RBI panel moots pool of bank directors

INDIA - The Reserve Bank of India's (RBI) consultative group of directors of banks and financial institutions has recommended creating a pool of independent directors - approved by the RBI - to join various bank boards.

This is part of the recommendations made by the 12-member committee which reviewed the supervisory role of banks and financial institutions. The committee had its second meeting on Monday to deliberate on how to bring about corporate governance in the Indian banking industry.