A Study of Corporate Governance Practices: With Refe Rence to Selected Bank in India

Abstract

This study aims to identify effective corporate governance practices within both the public and private sectors of India by analyzing the annual reports of selected banks in accordance with the recommendations provided by SEBI and various committees dedicated to enhancing corporate governance standards. The analysis is segmented into distinct sections, each scrutinizing the compliance and adherence to corporate governance norms. Emphasis is placed on the significance of corporate governance for several compelling reasons.

• Failure to adopt an effective corporate governance system or the absence of such a system can result in the bank's insolvency.
• The lack of good corporate governance practices can erode trust and confidence.
• Within the nation's financial system, people's trust in the banking sector plays a pivotal role amid rapid economic growth.
• Robust corporate governance fosters stakeholder confidence and strengthens the banking system.

The analysis reveals that private sector banks exhibit a greater commitment to corporate governance norms compared to public sector banks, primarily due to stringent policies, board committee structure, and market competition.