S&P Global Ratings on Thursday said the recent governance issues in India’s banking sector reiterate the need for banks to improve risk management and maintain strong governance processes, practices and systems.S&P Global Ratings on Thursday said the recent governance issues in India’s banking sector reiterate the need for banks to improve risk management and maintain strong governance processes, practices and systems. “As a number of banks in India confront serious governance and risk issues, the ‘tone at the top’ is crucial. Leadership groups in Indian banks need to ensure that they enhance the risk culture, reputation, and financial strength of banks,” said S&P Global Ratings credit analyst Michael Puli. S&P said while rating banks, it assesses management’s…
