No RBI nominee should be on bank boards: Governor Urjit Patel
No RBI nominee should be on the boards of public sector banks to avoid "any conflict of interest", Governor Urjit Patel said while briefing a parliamentary panel on Tuesday. He also said the primary responsibility to contain bank frauds rests with the boards. Patel further told that the RBI has "inadequate" control over state-run banks and asked for more powers.