Regulatory Alerts2026-07-14
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Reserve Bank of India (Commercial Banks – Governance) Amendment Directions, 2026
The Reserve Bank of India modifies governance directions for Public Sector Banks (PSBs) and Private Sector Banks (PVBs) by deleting and reinserting paragraphs to define Board oversight on risk management, related entity exposures, and corporate governance standards. New provisions establish that matters placed before the Board for approval, review, or information must align with specified appendices, while key principles mandate that Boards retain ultimate responsibility for strategy, financial soundness, and risk management. These amendments apply mutatis mutandis to PVBs and come into force on October 1, 2026.
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