📝 One-liners · 66 cards
CORPORATE GOVERNANCE
What is the primary objective of corporate governance in banks?
Corporate governance aims to ensure accountability, fairness, and transparency in a bank's relationship with all its stakeholders, including shareholders, employees, customers, and regulators.
What is the meaning of 'fiduciary duty' of bank directors in corporate governance?
Directors must act in the best interest of shareholders and depositors.
Which RBI circular forms the key regulatory framework for corporate governance in Indian banks?
RBI's guidelines on corporate governance for banks are primarily guided by the 'Guidelines on Corporate Governance in Banks' issued periodically, drawing from the Basel Committee's principles and the Companies Act 2013.
What is the role of the Credit Risk Management Committee at the board level?
It oversees bank's credit risk policies, limits, and portfolio quality.
🔒
Unlock 66 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for CORPORATE GOVERNANCE.
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days