Ethical behavior and fair practice in  business �A Special Panoramic view if  Indian Banking scenario�

Akhil Goyal; Dr. Sudhinder Singh Chowhan

Volume : II, Issue : I, January - 2013

Ethical behavior and fair practice in business �A Special Panoramic view if Indian Banking scenario�

Akhil Goyal, Dr. Sudhinder Singh Chowhan

Abstract :

Ethical bankers �traditional mission is to combat poverty by addressing the problem of financial exclusion. In other words, ethical banking represents less than1% of the traditional banking and financial industry and can be seen at best as an industry in an infancy stage of development, albeit growing rapidly. Ethics are liked soul; intensely inherent in us, not easily burned, moistened, or emaciated by any situation. Ethics refers to a system of moral principles a sense of right and wrong it�s a anch of philosophyand is considered as normative science because it is concerned with the norms of human conduct as distinguished from formal sciences such as mathematics and logic, physical science such as chemistry and physics and empirical sciences such as economics and psychology. In new business generation ethics is a study of good and evils, right and wrong and just unjust action of business man and some times appearance of a growing disregard for the ethical standard. Researcher will review all relevant current understanding of challenges & CSR in fair and ethical banking industry, why code of ethics is necessary, value faced by stakeholders due to ethical and unethical behavior, main streaming ethics into good banking system& changes required and novel strategies for organizations.