Oct 3 (Reuters) – * RBI: RELEASES DRAFT "RESERVE BANK OF INDIA (LENDING TO RELATED PARTIES) DIRECTIONS * RBI PROPOSES SCALE-BASED MATERIALITY THRESHOLDS BEYOND WHICH LENDING TO RELATED PARTIES OF REGULATED ENTITY TO NEED BOARD OR COMMITTEE APPROVAL * RBI PROPOSES EXCLUSION OF INDEPENDENT DIRECTORS OF OTHER BANKS FROM SCOPE OF ‘RELATED PERSONS’ OF REGULATED ENTITY FOR PURPOSE OF THESE DIRECTIONS * RBI PROPOSES SUITABLE SUPERVISORY REPORTING, DISCLOSURE REQUIREMENTS BY ENTITIES ON TRANSACTIONS WITH RELATED PARTIES Source text: Further company coverage: [ ] (Reuters.Briefs@thomsonreuters.com)
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