© hindustantimes.comRBI Found Excessive Dominance by 1-2 Board Members Even in Big Commercial Banks: Das
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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.
The governor delivered the speech on August 30 and the video was uploaded by the RBI on YouTube on Monday.
"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.