{"id":39340,"date":"2023-04-20T16:22:00","date_gmt":"2023-04-20T10:52:00","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=39340"},"modified":"2023-12-04T12:29:55","modified_gmt":"2023-12-04T06:59:55","slug":"corporate-governance-in-banking-sector-rbi-grade-b-study-notes","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/corporate-governance-in-banking-sector-rbi-grade-b-study-notes\/","title":{"rendered":"Corporate Governance in Banking Sector &#8211; RBI Grade B Study Notes"},"content":{"rendered":"\n<p><span style=\"color: #000000;\"><strong>Reserve Bank of India<\/strong>&nbsp;being the&nbsp;<strong>central bank of the country<\/strong>&nbsp;is a great organisation to work for. Every year Lakhs of aspirants apply for the&nbsp;<strong>RBI Grade B posts<\/strong>&nbsp;as it offers&nbsp;<strong>great career opportunities<\/strong>&nbsp;as well as&nbsp;<strong>impressive perks &amp; allowances to its officers<\/strong>. The&nbsp;<\/span><span style=\"color: #3366ff;\"><strong><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/rbi-grade-b\/?ref=Rbihny\" target=\"_blank\" rel=\"noopener noreferrer\">Grade B<\/a><\/strong><\/span><span style=\"color: #000000;\"> recruitment notification is expected to be announced in the month of June-July 2020. It is highly advisable to&nbsp;<\/span><strong style=\"color: #000000;\">start with your preparations from now on<\/strong><span style=\"color: #000000;\">&nbsp;itself so that when you are suddenly notified of the recruitment notification, you have already covered a prominent portion of the syllabus. The Grade B Exam is conducted in three stages namely&nbsp;<\/span><span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/rbi-grade-b\/?ref=Rbihny\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Phase I<\/strong><\/a><\/span><span style=\"color: #000000;\">,&nbsp;<\/span><span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/rbi-grade-b\/?ref=Rbihny\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Phase 2<\/strong><\/a><\/span><span style=\"color: #000000;\">&nbsp;and the&nbsp;<\/span><strong style=\"color: #000000;\">Interview round<\/strong><span style=\"color: #000000;\">.<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\">Toppers of the exam have always suggested carrying on the <strong>preparations and study for both&nbsp;<span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/rbi-grade-b\/?ref=Rbihny\" target=\"_blank\" rel=\"noopener noreferrer\">Phase 1<\/a><\/span>&nbsp;and&nbsp;<span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/rbi-grade-b\/?ref=Rbihny\" target=\"_blank\" rel=\"noopener noreferrer\">Phase 2<\/a><\/span>&nbsp;simultaneously<\/strong>&nbsp;because the syllabus of Phase 2 of RBI Grade B is vast and requires thorough knowledge and persistence in studies. The subjects asked in the Phase 2 Exam are&nbsp;<strong>Economics &amp; Social Issues<\/strong>,&nbsp;<strong>Finance &amp; Management<\/strong>&nbsp;and&nbsp;<strong>Descriptive English<\/strong>. So to give you a helping hand in your studies for the Grade B Exam, we at Oliveboard would be providing you with <strong>study notes<\/strong>&nbsp;on&nbsp;<strong>important topics from the syllabus of Phase 2<\/strong>. In this blog, we will cover the topic of&nbsp;<strong>\u201cRisk Management in Banking Sector \u2013 RBI Grade B Notes\u201d.<\/strong><\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><span style=\"color: #000000;\">Corporate Governance in Banking Sector &#8211; RBI Grade B Study Notes<\/span><\/strong><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><span style=\"color: #000000;\">What is Corporate Governance in Banking Sector?<\/span><\/strong><\/h3>\n\n\n\n<p><span style=\"color: #000000;\">Governance refers specifically to the set of rules, controls, policies, and resolutions put in place to dictate corporate behaviour.&nbsp;Corporate Governance essentially involves balancing the interests of a company&#8217;s many stakeholders, such as shareholders, senior management executives, customers, suppliers, financiers, the Government, and the community.<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\"><strong>Corporate Governance can be discussed in 3 parts:<\/strong><\/span><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><strong><span style=\"color: #000000;\">General, <\/span><\/strong><\/li><li><strong><span style=\"color: #000000;\">Public Sector and <\/span><\/strong><\/li><li><strong><span style=\"color: #000000;\">Private Sector<\/span><\/strong><\/li><\/ol>\n\n\n\n<h4 class=\"wp-block-heading\"><strong><span style=\"color: #000000;\">Corporate Governance in Banking Sector &#8211;&nbsp;<\/span><\/strong><span style=\"color: #000000;\"><strong>General features:<\/strong><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li><span style=\"color: #000000;\"><span style=\"color: #000000;\">Indian Legal system provides a very high level of protection to Indian Investors and India has a very high ranking with a <strong>score of 5<\/strong> in the <strong>shareholders&#8217; rights index<\/strong> and a <strong>maximum score of 4 in the creditor&#8217;s rights index<\/strong>.<\/span><\/span> <p>&nbsp;<\/p> <\/li><li><span style=\"color: #000000;\"><span style=\"color: #000000;\">But these scores only remain on paper as the effectiveness of implementation lacks due to huge corruption and a variety of other reasons.<\/span><\/span> <p>&nbsp;<\/p> <\/li><li><span style=\"color: #000000;\"><span style=\"color: #000000;\">Institutions like <strong>SEBI, NSDL, and NSCL<\/strong> have improved investors&#8217; rights on many fronts.<\/span><\/span> <p>&nbsp;<\/p> <\/li><li><span style=\"color: #000000;\"><span style=\"color: #000000;\">Annual reports now feature a certificate from the CEO and the CEO in which they affirm that financial statements do not contain any misleading statements.<\/span><\/span> <p>&nbsp;<\/p> <\/li><li><span style=\"color: #000000;\">The corporate governance landscape in India has seen positive developments in the last decade, particularly with the <strong>enactment of clause 49<\/strong> of the listing agreement and the legal changes in enforcing creditors&#8217; rights.<\/span><\/li><\/ul>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><span style=\"color: #000000;\"><strong>Corporate Governance in Banking Sector &#8211;&nbsp;<\/strong><strong>Private Sector:<\/strong><\/span><\/h4>\n\n\n\n<p><span style=\"color: #000000;\">There are <strong>3 types of stakeholders in a company<\/strong>: <strong>Promoters<\/strong>, <strong>Financial Institutions<\/strong> and <strong>Individual or retail Investors<\/strong>. Initially, all three categories were equally important but now at the expense of retail investors other two have gained more stake.<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><span style=\"color: #000000;\"><span style=\"color: #000000;\">Promoters in India, in general, take a longer view and provide a more solid foundation for developing the companies.<\/span><\/span> <p>&nbsp;<\/p> <\/li><li><span style=\"color: #000000;\"><span style=\"color: #000000;\">In electing the directors, the majority rule voting system is typically followed.<\/span><\/span> <p>&nbsp;<\/p> <\/li><li>Company Boards generally comprise <span style=\"color: #000000;\"><span style=\"color: #000000;\">three types of directors: <strong>Promoter Directors<\/strong> (or functional directors in the case of professionally managed companies), <strong>Professional Directors<\/strong>, and <strong>Institutionally Nominated Directors<\/strong>.<\/span><\/span> <p>&nbsp;<\/p> <\/li><li><span style=\"color: #000000;\"><span style=\"color: #000000;\"><strong>Promoter Directors<\/strong> belong to the promoter group.<\/span><\/span> <p>&nbsp;<\/p> <\/li><li><span style=\"color: #000000;\"><span style=\"color: #000000;\"><strong>Professional Directors<\/strong> are persons of eminence who are invited by the promoters mainly on the basis of favourable personal equations.<\/span><\/span> <p>&nbsp;<\/p> <\/li><li><span style=\"color: #000000;\"><span style=\"color: #000000;\"><strong>Institutionally Nominated Directors<\/strong> are either senior executives of the institutions or persons of repute.<\/span><\/span> <p>&nbsp;<\/p> <\/li><li><span style=\"color: #000000;\">The corporate governance system in the private sector may, therefore, be characterised as the <strong>&#8220;entrenched system&#8221;<\/strong>, given the firm hold of the promoters over the companies managed by them.<\/span><\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span style=\"color: #000000;\"><strong>Tunnelling<\/strong><\/span><\/h4>\n\n\n\n<p><span style=\"color: #000000;\">The dominant shareholder may exploit minority shareholders. This phenomenon is referred to as tunnelling &#8211; the dominant shareholder may tunnel into the firm and benefit at the expense of minority shareholders.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\">Example: Companies Owned by families.<\/span><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span style=\"color: #000000;\"><strong>Corporate Governance in Banking Sector &#8211;&nbsp;<\/strong><\/span><span style=\"color: #000000;\"><strong>Public Sector:<\/strong><\/span><\/h4>\n\n\n\n<p><strong><span style=\"color: #000000;\">Public Sector &#8211; Shares owned by the Government are more than 51 per cent or wholly owned.<\/span><\/strong><\/p>\n\n\n\n<p><span style=\"color: #000000;\">Boards appointed by the ministry have 3 categories of Directors:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><span style=\"color: #000000;\"><span style=\"color: #000000;\"><strong>Functional Director&nbsp;<\/strong>&#8211; full-time employees of the organization<\/span><\/span>\n<p>&nbsp;<\/p>\n<\/li><li><span style=\"color: #000000;\"><span style=\"color: #000000;\"><strong>Government Directors&nbsp;<\/strong>&#8211; Bureaucrats from the Ministry<\/span><\/span>\n<p>&nbsp;<\/p>\n<\/li><li><strong><span style=\"color: #000000;\">Outside directors<\/span><\/strong><\/li><\/ul>\n\n\n\n<p><span style=\"color: #000000;\"><strong>Public Sector Enterprises (PSEs) are constrained by various regulations and administrative guidelines. Further, they are subject to the CAG audit and are accountable to parliament.<\/strong> This leads to an excessive emphasis on observing rules, regulations, and guidelines. Efficiency and performance are often sacrificed at the altar of propriety.<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\"><strong>Chief Executives have short tenures<\/strong> below five years and the development of conditions or long-term outlook is not possible because of this.<\/span><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span style=\"color: #000000;\"><strong>Legal Provisions:<\/strong><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li><span style=\"color: #000000;\"><span style=\"color: #000000;\"><strong>Strength<\/strong>: A public limited company must have at least three directors.<\/span><\/span>\n<p>&nbsp;<\/p>\n<\/li><li><span style=\"color: #000000;\"><span style=\"color: #000000;\"><strong>Meetings<\/strong>: The board of directors must meet at least once in a quarter.<\/span><\/span>\n<p>&nbsp;<\/p>\n<\/li><li style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Composition<\/strong>: There is no fixed number of non-executive directors. No person can be a&nbsp;<\/span>director of more than twenty companies.<\/li><li style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Powers<\/strong>: The board of directors has the powers to (a) borrow, lend, and invest funds, (b)&nbsp;<\/span><span style=\"color: #000000;\"><span style=\"color: #000000;\">recommend dividends, and (c) appoint the managing director.<\/span><\/span>\n<p>&nbsp;<\/p>\n<\/li><li style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Remuneration<\/strong>: The total remuneration of the directors is subject to a ceiling of 11 per cent <\/span><span style=\"color: #000000;\">of net profits. In addition, board members can be paid a sitting fee of up to Rs.20000 per <\/span><span style=\"color: #000000;\"><span style=\"color: #000000;\">meeting.<\/span><\/span>\n<p>&nbsp;<\/p>\n<\/li><li><span style=\"color: #000000;\"><span style=\"color: #000000;\"><strong>Duties<\/strong>: The board has the duty to present the annual report to the members.<\/span><\/span>\n<p>&nbsp;<\/p>\n<\/li><li><span style=\"color: #000000;\"><strong>Liabilities<\/strong>: The board is punishable for breach of trust, dishonesty, and fraud.<\/span><\/li><\/ul>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"color: #000000;\"><strong>Clause 49 of the Listing Agreement<\/strong><\/span><\/h3>\n\n\n\n<p><span style=\"color: #000000;\">Clause 49 of the Listing Agreement was introduced on the recommendations of the <strong>Kumaramangalam Birla committee<\/strong> set up by <strong>SEBI<\/strong> and spells out the corporate governance provisions applicable to listed companies.<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li style=\"text-align: justify;\"><span style=\"color: #000000;\"><span style=\"color: #000000;\">Where the chairman of the board is a non-executive director, <strong>at least one-third<\/strong> of the board should comprise of <strong>independent directors<\/strong>. In case the chairman is an executive director, at least half of the board should comprise of independent directors.<\/span><\/span>\n<p>&nbsp;<\/p>\n<\/li><li style=\"text-align: justify;\"><span style=\"color: #000000;\"><span style=\"color: #000000;\">A qualified and <strong>independent audit committee<\/strong> shall be set up. The audit committee shall have a minimum of three directors as members. Two-thirds of the members of the audit committee shall be independent directors. The chairman of the audit committee shall be an independent director.<\/span><\/span>\n<p>&nbsp;<\/p>\n<\/li><li style=\"text-align: justify;\"><span style=\"color: #000000;\"><span style=\"color: #000000;\">Where the company deviates from a prescribed <strong>Accounting Standard,<\/strong> the same shall be disclosed in the financial statements, together with the management&#8217;s explanation for the same.<\/span><\/span>\n<p>&nbsp;<\/p>\n<\/li><li style=\"text-align: justify;\"><span style=\"color: #000000;\">The CEO and CFO shall <strong>certify to the Board<\/strong> that the financial statements present a true and fair view of the company&#8217;s affairs; that to the best of their knowledge and belief no transactions entered by the company are fraudulent.<\/span><\/li><\/ul>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"color: #000000;\"><strong>Required Reforms in Corporate Governance<\/strong><\/span><\/h3>\n\n\n\n<p><span style=\"color: #000000;\">Some of the reforms required in Corporate Governance rules are listed below:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><span style=\"color: #000000;\"><span style=\"color: #000000;\">Strengthen the Hands of Institutional Investors<\/span><\/span>\n<p>&nbsp;<\/p>\n<\/li><li><span style=\"color: #000000;\"><span style=\"color: #000000;\">Separate Management from Control<\/span><\/span>\n<p>&nbsp;<\/p>\n<\/li><li><span style=\"color: #000000;\"><span style=\"color: #000000;\">Expand the Role of Non-executive Directors<\/span><\/span>\n<p>&nbsp;<\/p>\n<\/li><li><span style=\"color: #000000;\"><span style=\"color: #000000;\">Limit the Size of the Board<\/span><\/span>\n<p>&nbsp;<\/p>\n<\/li><li><span style=\"color: #000000;\"><span style=\"color: #000000;\">Ensure that the Board Is informationally well-equipped<\/span><\/span>\n<p>&nbsp;<\/p>\n<\/li><li><span style=\"color: #000000;\"><span style=\"color: #000000;\">Link Managerial Compensation to Performance<\/span><\/span>\n<p>&nbsp;<\/p>\n<\/li><li><span style=\"color: #000000;\"><span style=\"color: #000000;\">Enhance Contestability<\/span><\/span>\n<p>&nbsp;<\/p>\n<\/li><li><span style=\"color: #000000;\">Improve Corporate Accounting and Reporting Practices<\/span><\/li><\/ul>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><span style=\"color: #000000;\"><strong>Sample Questions:<\/strong><\/span><\/h4>\n\n\n\n<p><strong><span style=\"color: #000000;\">Q. Which one of the following would not be described as an institutional investor?<\/span><\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><span style=\"color: #000000;\">Banks<\/span><\/li><li><span style=\"color: #000000;\">Pension funds<\/span><\/li><li><span style=\"color: #000000;\">Insurance companies<\/span><\/li><li><span style=\"color: #000000;\"><strong>Employees holding shares through an employee share scheme<\/strong><\/span><\/li><\/ol>\n\n\n\n<p><span style=\"color: #000000;\"><strong>&nbsp;Answer: (4)<\/strong><\/span><\/p>\n\n\n\n<p><strong><span style=\"color: #000000;\">Q. What is meant by the &#8216;separation of ownership and control?<\/span><\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>That the owners of companies have become separated from those who control companies<\/strong>.<\/span><\/li><li style=\"text-align: justify;\"><span style=\"color: #000000;\">That the law should seek to keep the owners and controllers of the company apart in order to avoid an over-concentration of power.<\/span><\/li><li style=\"text-align: justify;\"><span style=\"color: #000000;\">That owners and controllers of companies should not act in concert to defeat resolutions.<\/span><\/li><li style=\"text-align: justify;\"><span style=\"color: #000000;\">That those who control the company should be separated from those who own it.<\/span><\/li><\/ol>\n\n\n\n<p><strong>Answer: (1)<\/strong><\/p>\n\n\n\n<p><strong><span style=\"color: #000000;\">Q. Which one of the following is not a valid difference between executive and non-executive directors?<\/span><\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li style=\"text-align: justify;\"><span style=\"color: #000000;\">Executive directors work full-time, whereas non-executive directors work part-time.<\/span><\/li><li style=\"text-align: justify;\"><span style=\"color: #000000;\">Executive directors tend to be paid considerably more than non-executive directors.<\/span><\/li><li style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Executive directors are involved in the management of the company, whereas non-executive directors are not expected to be involved in management.<\/strong><\/span><\/li><li style=\"text-align: justify;\"><span style=\"color: #000000;\">Non-executive directors should be independent, whereas the executives will usually not be.<\/span><\/li><\/ol>\n\n\n\n<p><strong>Answer: (3)<\/strong><\/p>\n\n\n\n<p><span style=\"color: #000000;\">Corporate Governance is in recent current affairs with many company loans turning into NPA\u2019s and many others filing for Solvency under new IBC. Hence current affairs related to those companies are also to be studied along with the static part mentioned here.<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\">This was all from us in this blog <\/span><strong><span style=\"color: #000000;\">&#8220;Corporate Governance in Banking Sector &#8211; RBI Grade B Study Notes&#8221;.&nbsp;<\/span>&nbsp;<\/strong><span style=\"color: #000000;\">We hope that you find the information given above in the blog <strong>&#8220;Corporate Governance in Banking Sector &#8211; RBI Grade B Study Notes&#8221;&nbsp;<\/strong>useful. For more study notes for RBI Grade B, stay tuned to <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.oliveboard.in\/blog\/category\/notes\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Oliveboard.<\/strong><\/a><\/span><\/span><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<p class=\"has-text-align-center\"><strong>DOWNLOAD THE&nbsp;<a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.oliveboard.regulatory\" target=\"_blank\" rel=\"noreferrer noopener\">RBI, NABARD, SEBI Prep App<\/a>&nbsp;FOR ON-THE-GO EXAM PREPARATION<\/strong><\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">The app provides comprehensive study material in form of online courses to ace these examinations.<br>The study material ranges from online LIVE classes, video lectures, study notes, revision sessions, past year papers, topic tests, the objective plus descriptive mock tests, mock interviews and much more.<\/mark><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.oliveboard.in\/images\/app.png\" alt=\"Oliveboard Mobile App\" width=\"267\" height=\"224\"\/><\/figure><\/div>\n\n\n<p><strong><span class=\"has-inline-color has-black-color\">List of Exams<\/span><\/strong><\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">1) RBI Grade B Generalist Posts<br>2) SEBI Grade A Generalist Posts<br>3) SEBI Grade A IT Officer Posts<br>4) NABARD Grade A Generalist Posts<br>5) NABARD Grade A IT Officer Posts<br>6) NABARD Grade A Agriculture Officer Posts<br>7) NABARD Grade B Posts<br>8) SIDBI Grade A Officer Posts<br>9) FSSAI Recruitment &#8211; For Technical officers, Food Safety Officers and Assistants<\/mark><\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">Get free video lessons, mock tests and GK tests to evaluate course content before signing up!<\/mark><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter is-resized\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.oliveboard.regulatory\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/sg2.oliveboard.in\/static\/img\/play.png\" alt=\"\" width=\"162\" height=\"48\"\/><\/a><\/figure><\/div>\n\n\n<p><\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Reserve Bank of India&nbsp;being the&nbsp;central bank of the country&nbsp;is a great organisation to work for. Every year Lakhs of aspirants<\/p>\n","protected":false},"author":50,"featured_media":39344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,2586,10226,320,10247,8661],"tags":[],"class_list":["post-39340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-notes","category-rbi","category-rbi-grade-b","category-rbi-sebi-nabard","category-sebi-prep","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Corporate Governance in Banking Sector - RBI Grade B Study Notes<\/title>\n<meta name=\"description\" content=\"We have covered Notes on Corporate Governance in Banking Sector - RBI Grade B Study Notes from the syllabus of Finance &amp; Management.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oliveboard.in\/blog\/corporate-governance-in-banking-sector-rbi-grade-b-study-notes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Corporate Governance in Banking Sector - RBI Grade B Study Notes\" \/>\n<meta property=\"og:description\" content=\"Reserve Bank of India&nbsp;being the&nbsp;central bank of the country&nbsp;is a great organisation to work for. Every year Lakhs of aspirants apply for\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.oliveboard.in\/blog\/corporate-governance-in-banking-sector-rbi-grade-b-study-notes\/\" \/>\n<meta property=\"og:site_name\" content=\"Oliveboard\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Oliveboard\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-20T10:52:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-04T06:59:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2019\/06\/CG-in-Banking.png\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Saloni Singhal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:site\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Saloni Singhal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/corporate-governance-in-banking-sector-rbi-grade-b-study-notes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/corporate-governance-in-banking-sector-rbi-grade-b-study-notes\/\"},\"author\":{\"name\":\"Saloni Singhal\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/6aedd7baaab0f33dc2f40834a257f88c\"},\"headline\":\"Corporate Governance in Banking Sector &#8211; 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