ROLE OF CORPORATE GOVERNANCE IN INDIAN BANKING SECTOR

Dr. Laveena T. Dharmwani

Volume : V, Issue : X, October - 2015

ROLE OF CORPORATE GOVERNANCE IN INDIAN BANKING SECTOR

Dr. Laveena T. Dharmwani

Abstract :

Banking system plays a very important role in the economic life of the nation. The health of the economy is closely related to the soundness of its banking is now an essential part of our economic system. The Corporate Governance philosophy of banks has to be based on pursuit of sound business ethics and strong professionalism that aligns the interests of all stakeholders and the society. India at present cannot ignore the importance of Corporate Governance. This paper discusses the corporate governance as an internal mechanism in banks, its necessity in the banking sector, the history of corporate governance in the world as well as India, best practices of corporate banking incorporated in India and measures taken by various banks such as SBI, ICICI, HDFC and many other banks to implement them and the recent developments in this area in the banking sector.