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VOL. 8, ISSUE 3 (2026)
Need to strengthen corporate governance in Indian banking sector
Authors
Dr. Saroj Kumar
Abstract
The implementation of corporate governance
norms in Indian banks has been phenomenal after the bank reforms were put in
place. With the initial framework of the Ganguly committee, there has been a
consistent focus on ‘fit and proper’ standards. The PSBs have even begun to
rate their corporate governance standards from rating agencies. Banks have been
working on the sustainability of corporate governance standards and have begun
to realize the importance of corporate social responsibility which is an
integral part of it. The multiplicity of regulators, issues in the appointment
of rightly qualified Board members and conflict of interest between long term
and short-term objectives always pose bigger challenges. Corporate Governance
is a mission intended to create strong fundamentals for the banks. With
changing dimensions of corporate governance practices banks need to transform
into much more dynamic and forceful entities setting a broad vision for the
future. It will be more significant in the wake of the recent global financial
turmoil which had taken a heavy toll of several financial conglomerates.
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Pages:55-57
How to cite this article:
Dr. Saroj Kumar "Need to strengthen corporate governance in Indian banking sector". International Journal of Management and Commerce, Vol 8, Issue 3, 2026, Pages 55-57
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