The Reserve Bank of India (RBI) is set to revise its guidelines for bank boards, aiming to shift their focus from daily operational matters to more significant policy and strategic issues. Governor Sanjay Malhotra highlighted that many boards have been overwhelmed with operational concerns, hindering their ability to concentrate on essential governance and policy-making. This initiative follows recent controversies, particularly the unexpected resignation of HDFC Bank's Chairman Atanu Chakraborty over ethical differences. Malhotra assured the media that the banking system remains robust, supported by adequate regulations and a vigilant supervisory framework. He noted that while some issues are specific to individual banks, they do not pose systemic risks. Additionally, the RBI clarified that recent restrictions on foreign exchange trading were temporary measures to address volatility, which could be lifted if market conditions improve.