The draft amendment directions rationalize and streamline the matters placed before bank Boards, to enhance efficiency and focus on strategy and risk governance. These replace earlier prescriptive frameworks with principle-based guidance, emphasizing Board accountability for performance, risk management, and corporate governance standards. Banks are permitted to delegate certain policy approvals and reviews to Board committees, with Boards retaining authority over material amendments and key strategic decisions. The feedback/ comments from stakeholders are invited.
(Link: Draft Amendments to Directions Press Release Dated 08/04/2026)