On Monday, RBI Governor Shaktikanta Das urged bank boards to strengthen internal control. Incentives for bank workers should be appropriately crafted to discourage unethical behavior, according to RBI Governor Shaktikanta Das. The Indian banking industry is experiencing a time of great opportunity, as well as risks and challenges, RBI Governor Shaktikanta Das continued. The governor emphasized the significance of using solid foundations to reinforce and build defenses in order to preserve the resilience of the financial system.
