RBI to tighten norms for independent directors of private banks, says report
Updated : September 03, 2018 09:46:34 IST
The trigger to set in motion the regulation was when the Central Bureau of Investigation's (CBI) first information report revealed that two independent directors of IDBI Bank were involved in giving more than Rs 600 crore loans to Aircel.
As of now, the minutes of the meeting of all the banks are sent to the RBI.
Published : September 03, 2018 09:46 AM IST