RBI tells bank boards to prioritize strategic decisions over operations
NewsBytes | April 9, 2026 1:39 AM CST
RBI imposes temporary foreign exchange limits
Malhotra reassured everyone that India's banks are safe and well-regulated, even if a few like IDFC First and IndusInd have had some bumps: these aren't signs of a bigger crisis.
To keep things steady, the RBI has put temporary limits on foreign exchange transactions and might lift them if markets calm down.
Plus, there's a push with SEBI to build the capacity of independent directors and strengthen corporate governance.
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