RBI Governor calls for better bank governance to curb unethical practices and adapt to new challenges.

RBI Governor Shaktikanta Das urged bank boards to improve internal governance to prevent unethical practices like mis-selling products and improper customer verification. He stressed structuring staff incentives to discourage such behavior, highlighting risks like reputational damage and financial penalties. Das also noted challenges from fintech advancements and climate change.

November 18, 2024
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