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We thank the Reserve Bank of India (the “RBI”) for this opportunity to present our views and suggestions on the Discussion Paper on ‘Governance in Commercial Banks in India’ released on June 11, 2020. We understand that the discussion paper has been released in response to the recent instances of fallouts in the governance and management of several Indian commercial banks, and appreciate that it seeks to compensate the legislative drawbacks by aligning the management and governance principles as well as rules with established global standards on the subject. Set out below are our inputs on certain specific recommendations in the discussion paper.
