Friday, June 6, 2014

Reforms top FSDC meet's agenda

......Previous interactions of the FSDC sub-committee, which is chaired by the RBI governor, also discussed the governance issues relating to public sector banks. Other issues discussed included appointment of a chairman, selection of board members, accountability structure with regard to committee approach of decision making. Splitting of the chairman and managing director’s post in public sector banks was also discussed. Sources said some of the recommendations of the Financial Sector Legislative Reform Commission, which do not need legislative change, will also be discussed in the FSDC meet.........

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