Found 1-2 Board Members' "Excessive Dominance" In Big Banks: RBI Governor
NDTV
RBI Governor said all directors need to be given a chance to speak and a particular director's say should not be the final one on a matter.
Reserve Bank Governor Shaktikanta Das on Monday said the central bank has noticed "excessive dominance" by one or two board members even in "big commercial banks" and asked the lenders to desist from such practices.
Board discussions have to be free, fair and democratic, Das said, addressing directors of Urban Cooperative Banks (UCBs) at a meeting organised by the Reserve Bank of India (RBI) here.
"There should not be an over-dominance or excessive dominance by one or two members of the board, or the chairman or the vice-chairman. We have seen this even in big commercial banks...wherever we have seen this, we have told the bank that this is not the way," he said.
