It is precisely for these reasons, we have decided that some of the recommendations of the IW G need wider stakeholder consultation, deeper examination from various angles, including legalities, and may also require engagement with various other agencies and regulators. Let me now discuss on the important issue in current milieu – corporate governance. Importance of Governance in Financial Institutions 12.
A sound, efficient and robust financial intermediation structure facilitates optimal allocation of financial resources in the economy. For this, the trust of all stakeholders, especially of depositors in case of banks, is a pre-requisite.