Governor Shaktikanta Das wants banks to improve corporate governance and risk standards

In March this year the regulator imposed a moratorium on Yes Bank and quickly stitched a reconstruction plan with SBI and nine other domestic entities investing in the lender. Likewise, last month the RBI directed a forced merger between troubled Lakshmi Vilas Bank and DBS (India) Bank, wiping out holdings of all equity and tier 2 bond holders.

from Banking/Finance-Industry-Economic Times https://ift.tt/36F2A87