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.
For this, it is of utmost importance that the Directors keep themselves updated with material changes in the bank’s internal environment as well as the  4  external factors that have a bearing on the bank. A balanced combination of skills, diversity and expertise commensurate with the size, complexity and risk profile of a bank is what will drive it towards sustainable resilience.