The issue of directors’ tenure emerged as the most contentious subject during the stakeholder consultation held by the Reserve Bank of India’s (RBI) Committee on the proposed Model Bye-laws for Urban Cooperative Banks (UCBs) in College of Agricultural Banking, RBI, University Road, Pune on Thursday. The consultation brought together cooperative banking experts, representatives of UCBs, federations and sector bodies to discuss the proposed governance framework for the sector. Presenting his views, Vidyadhar Anaskar cautioned against incorporating directors’ tenure provisions by invoking Section 10A of the Banking Regulation Act, 1949, through the Model Bye-laws. Another major issue raised almost unanimously was the proposed reproduction of provisions of the Banking Regulation Act, 1949, and RBI directions in the Model Bye-laws. The RBI Committee will examine the suggestions received before finalising the Model Bye-laws.