Abstract
The banking system is essential for a country's growth and development, well-managed banking industry is a prerequisite for the upward trajectory of a country, and good corporate governance is necessary for safeguarding the institution's financial stability. Corporate governance's primary objectives are to maximize long-term shareholder value in a morally and legally responsible manner, safeguard the interests of other stakeholders while expanding shareholder value, and ensure fairness, respect, and dignity in all business dealings with clients, partners, investors, competitors, the government, and the general public both inside and outside the bank. This paper explores corporate governance compliance in banks, its necessity in the banking sector, the history of corporate governance in India and around the world, the best practices of corporate banking established in India, the steps taken by various banks to put these principles into practice, as well as recent developments in this area in the banking sector.
Published Version
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