Vigilance oversight: FinMin tells PSU banks, insurers to promptly flag adverse inputs on board-level executives; lapses raise concerns

Government mandates public sector banks and financial institutions to promptly report vigilance issues concerning directors. Delayed or incomplete disclosures of adverse information, including private complaints and court observations, have been noted.

Vigilance oversight: FinMin tells PSU banks, insurers to promptly flag adverse inputs on board-level executives; lapses raise concerns
Government mandates public sector banks and financial institutions to promptly report vigilance issues concerning directors. Delayed or incomplete disclosures of adverse information, including private complaints and court observations, have been noted.