They are expected to ask pertinent questions and obtain the required information from the management before taking decisions. I am not advocating any  The Corporate Governance of Banks, Jonathan R. Macey and Maureen O’Hara, FRBNY Economic Policy Review / April 2003 6  5  confrontation, but only stressing the need for the required level of alertness among all directors. IV.
Such a requirement is in tune with the philosophy of financial inclusion which emphasises increasing penetration of the banking services in the unbanked and under-banked areas of the country. For instance, under the new Branch Authorisation Policy of the RBI announced in September 2005, during the year 2007-08 (April-March), of the 4117 branch authorisations issued 1979 were for the under-banked centres.