In the domestic context, growing size and complexity of India’s financial system highlights the need to strengthen the governance standards in banks by increasing scrutiny of the role of promoter(s), major shareholder(s) and senior management vis-a-vis the role of the Board.
The accommodative monetary policy of the European Central Bank has substantially contributed to the recovery. Recently, the global growth outlook has been shadowed by significant uncertainty. The trade tensions between the US and China have escalated, China´s growth has been decelerating and Europe has its own problems.