Share
The Reserve Bank of India (RBI) today organized the second annual Conference of Directors on the Boards of Private Sector Banks in Mumbai, under the theme “Transformative Governance through Sound Boards.” The event brought together over 200 directors, including Chairmen, Managing Directors, and Chief Executive Officers of private sector banks, alongside senior RBI officials.
In his keynote address, RBI Governor Shri Shaktikanta Das highlighted the importance of robust governance frameworks that not only comply with regulatory standards but also proactively address emerging risks and opportunities in the financial sector. The Governor commended banks for strong financial performance while emphasizing vigilance in light of ongoing geopolitical uncertainties. He stressed situational awareness, internal governance strengthening, and customer-centric approaches as key to effective board oversight.
The Conference featured special addresses by Deputy Governors Shri M. Rajeshwar Rao and Shri Swaminathan J. and technical sessions led by senior RBI officials on Governance and Assurance Functions, Cybersecurity and IT Risks, and Business Risks. These sessions aimed to equip directors with strategies to manage operational and technological vulnerabilities, including threats related to cyber attacks.
A panel discussion titled “Governance through the Eyes of Independent Directors” allowed participants to share insights and best practices for board oversight. The event concluded with an open house interaction between directors and RBI Executive Directors, fostering dialogue on strengthening governance, cybersecurity, and risk management across private sector banks.
[RBI]