The Reserve Bank of India (RBI) has urged the directors of Urban Co-operative banks (UCBs) to enhance governance practices to ensure stability. RBI governor Shaktikanta Das highlighted the importance of a professional Board of Management and emphasised the need to strengthen compliance, risk management, and internal audit. He also called for proactive asset liability management and improved liquidity risk management.
RBI governor Shaktikanta Das urged the directors of urban co-operative banks to further strengthen their governance practices, especially the three supporting pillars of compliance, risk management and internal audit