Public sector bank boards should restrict themselves to policy matters pertaining, among others, to risk, compliance, business strategy, financial reports, and human resources instead of getting into the nitty-gritty of loan sanctioning, according to top financial sector honchos who expressed their views on corporate governance to the top brass of Banks Board Bureau (BBB) and the Reserve Bank of India. The BBB and the central bank have sought expert opinion on the implementation of the PJ Nayak Committee Report on Governance of bank boards in India. Experts feel that loan sanctioning should not be dealt with at the board level. A decision on such matters should be left to the committee of top officials, including the MD and CEO. Meanwhile, in a separate meeting between top public sector bankers and the top brass of CBI and Central Vigilance Commission, the bankers presented their concerns about legitimate commercial decisions on loans, corporate debt restructuring, and one-time settlement being questioned by the authorities.