Strengthen framework to curb unethical practices: RBI Guv to bank boards
Mon, Nov 18, 2024 3:06 PM

Strengthen framework to curb unethical practices: RBI Guv to bank boards

A Flip by Avya Verma
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RBI Governor Shaktikanta Das on Monday asked bank boards to strengthen internal governance framework to curb unethical practices, such as mis-selling of products or opening of accounts without proper KYC verification. Das also said that the incentives for bank staff should be carefully structured so as not to encourage them to indulge in unethical practices.

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