The Reserve Bank of India (RBI) is set to revise its guidelines for bank boards, aiming to enhance their focus on strategic and policy matters rather than operational tasks. RBI Executive Director Sanjay Malhotra stated that this change is intended to improve the utilization of board members' time, as they have been overwhelmed by compliance-related issues. The central bank will soon release draft directions for public consultation to gather feedback on these proposed changes. This initiative comes in light of concerns raised by bank boards about their inability to concentrate on strategic matters due to increasing operational demands. Although some may link this move to the recent resignation of HDFC Bank's former chairman Atanu Chakraborty, the RBI clarified that it has no material concerns regarding the bank's governance. Instead, this revision has been in the works for some time, reflecting ongoing feedback from banks about the growing compliance burden. The RBI's goal is to allow boards to engage more effectively in risk governance and strategic discussions.