effectiveness of corporate governance practices in public and private sector banks a comparative study of sbi and icici bank in rajasthan

Abstract

The thrust for greater transparency towards stakeholders of the business has led to the emergence of the concept of Corporate Governance which has become one of the wide and deep discussions across the business sectors as a global phenomenon. The founding principles of corporate governance lays emphasis primarily hinges on complete transparency, integrity and accountability of the management. There is also an increasingly greater demand on investor interests and public orientation. The issue of corporate governance has come up mainly in the wake up economic reforms characterized by liberalization and deregulation. Corporate governance has at its backbone a set of transparent relationships between an institution s management its board, shareholders and other stakeholders. newlineThe Indian banking system is among the healthier performers in the world. In the liberalized economic environment and integration of the country at present the banking sector in India cannot ignore the importance of corporate governance. The corporate governance philosophy of banks is the pursuit of sound business ethics and strong professionalism that aligns the interests of all stakeholders and the society. This thesis discusses the importance of corporate governance of banking institutions both in public and private sector. newline newline