RBI overhauls board governance framework: shifts focus to strategy, risk oversight
The Reserve Bank of India (RBI) has overhauled its board governance framework to enhance bank governance by reducing procedural burdens and allowing greater focus on strategy and risk management. Effective October 1, 2026, the amendments streamline the list of matters requiring board approval, enabling directors to engage more qualitatively on strategic issues. This shift towards principle-based regulation aims to improve the effectiveness of board oversight and governance in the banking sector.