We have been engaging with some of you on these issues at the individual level, but I thought it would be more effective if we engage with all the Directors together. It is the joint responsibility of the Chairman of the Board and the Directors, both whole time as well as non-executive or part time Directors, to ensure robust governance in banks. II.
Ensuring requisite qualification and expertise in the Board 7. The Banking Regulation Act prescribes certain qualifications for appointment as Directors in the Board of Banks. Additionally, the Reserve Bank has issued guidelines on the ‘Fit and Proper’ criteria for the Directors. The objective is that Board members should have requisite expertise and demonstrate competence and integrity.