The Reserve Bank of India (RBI) is set to revise its guidelines for bank boards, as announced by Governor Sanjay Malhotra during a monetary policy speech. This initiative aims to shift the focus of bank boards from daily operational tasks to more strategic policy matters. The decision comes in the wake of recent tensions at HDFC Bank, India's largest lender, where the chairman resigned due to conflicts over values and ethics, reportedly linked to his involvement in management issues that created friction with CEO Sashidhar Jagdishan. Malhotra stated that a comprehensive review of the existing instructions is being conducted at the request of banks, which will enable better use of board members' time. The proposed changes are expected to allow boards to concentrate on policy decisions while operational tasks will be handled by management, ultimately enhancing governance and decision-making within banks.