Conference for the Directors on the Boards of Small Finance Banks (SFBs)

Current Context: The Reserve Bank of India (RBI) organized a conference for the Directors on the Boards of Small Finance Banks (SFBs) in Bengaluru on September 27, 2024.

• The theme of the conference was “Governance in SFBs – Driving Sustainable Growth and Stability”.
• Key highlights from the conference include:
• Inauguration by Deputy Governor Shri Swaminathan J.: He emphasized the importance of governance in guiding SFBs towards sustainable growth and stability.
• Focus Areas: Strengthening cybersecurity, enhancing financial inclusion, improving customer service, and effective grievance redressal.
• Technical Sessions: Covered topics like governance and assurance functions, business risk, regulatory and supervisory expectations, and IT systems & cybersecurity.
• Panel Discussions: Included insights from independent directors of select SFBs on the prospects and challenges faced by SFBs.
• It was a comprehensive event aimed at equipping the directors with the knowledge and tools needed to navigate the evolving financial landscape.

Question:

1 What was the theme of the RBI conference for SFB Directors held on September 27, 2024?

• A) Financial Inclusion and Digital Innovation
• B) Governance in SFBs – Driving Sustainable Growth and Stability
• C) Enhancing Regulatory Oversight in SFBs
• D) Cybersecurity and Risk Management in SFBs

Answer: B) The theme of the RBI conference for SFB Directors was “Governance in SFBs – Driving Sustainable Growth and Stability”.