Abstract: The banking system plays a very important role in the economic life of a country. The health of the economy is closely related to the soundness of its banking system. Corporate governance also enhances the long term shareholder value by the process of accountability of managers and by enhances the firm’s performance. It also eliminate the conflict of ownership and control by separately defines the interest of shareholders and managers. 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 to implement them and the recent developments in this area in the banking sector.
Keywords: corporate governance, shareholder, accountability, banking, ownership.
Title: Role of Corporate Governance in Indian Banking Sector
Author: Puneet Kaur
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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