Bank Boards Bureau evolves 'GRAF' for PSBs

Bank Boards Bureau evolves(विकसित ) 'GRAF' for PSBs

The Bank Boards Bureau (BBB) has evolved a Governance(शासन), Reward and Accountability Framework (GRAF) for public sector banks to ensure that they have the ability to compete successfully with

private sector banks, small finance and payments banks, foreign banks and non-banking finance companies. The GRAF incorporates a governance framework that integrates elements of organizational structure and processes. Further, the framework is guided by the latest global benchmarking on governance practices provided by the Basel Committee on Banking Supervisions guidelines on corporate governance principles for banks released in July 2015.