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The Reserve Bank of India (RBI) today organised a Conference for Directors on the Boards of Small Finance Banks (SFBs) in Bengaluru, with the theme “Governance in SFBs – Driving Sustainable Growth and Stability.” The event was inaugurated by Shri Swaminathan J, Deputy Governor, RBI, and is part of the central bank’s ongoing supervisory engagements with Directors of its supervised entities. Earlier, similar conferences were held for Public Sector Banks and Private Sector Banks in May 2023, and for Urban Cooperative Banks in August 2023 and June 2024.
The conference was attended by Executive Directors Shri S C Murmu, Shri Rohit Jain, Shri R L K Rao, and other senior officials from RBI’s Supervision, Regulation, and Enforcement Departments.
In his keynote address, Deputy Governor Shri Swaminathan J. emphasized the critical role of good governance in ensuring sustainable growth and stability for SFBs. He urged Directors to be proactive in identifying and mitigating emerging risks, build sustainable business models, strengthen cybersecurity, and focus on financial inclusion, customer service, and grievance redressal to broaden the reach of banking services.
The conference featured technical sessions led by senior RBI officials on topics such as:
Governance and Assurance Functions Business Risk – Regulatory & Supervisory Expectations IT Systems & Cybersecurity
[RBI]