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The Reserve Bank of India today released on its website a Discussion Paper on ‘Governance in Commercial Banks in India’ for public comments. 2. The objective of the discussion paper is to align the current regulatory framework with global best practices while being mindful of the context of domestic financial system. Accordingly, some of the major highlights of the paper are as follows: i. Empower the Board of Directors to
ii. Empower the assurance functions through various interventions; iii. Achieve clear division of responsibilities between the Board and the management; and iv. Encourage the separation of ownership from management. 3. Improving the quality of governance in financial intermediaries is an important determinant of efficiency in allocation of resources, protection of depositors’ interest and maintaining financial stability. In this endeavour, the paper has been drafted to encourage stakeholder feedback. 4. Suggestions and comments on the discussion paper may be sent by email latest by July 15, 2020. (Yogesh Dayal) Press Release: 2019-2020/2485 |
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Net profit declines marginally by ~ 1% yoy.
Fri Jun 12 , 2020
For the fourth quarter of FY20, KSB Limited reported an 11.16% yoy decrease in its revenue from sales and stood at Rs257cr. The company’s operations were impacted in the last week of March due to nationwide lockdown, resulting in a decrease in sales revenue. The EBITDA for the quarter ending […]
