Corporate governance has at its backbone a set of transparent relationships between an
institution’s management, its board, shareholders and other stakeholders. In this article, in the first part,
the nature and purpose of corporate governance has been discussed with special emphasis on the
problems of banks in the field of corporate governance. Also, the conflicts in case of Indian scenario have
also been described. In the second part, the report by the Basel Committee has been explained and also
how is helps in the corporate governance in banks. And, in the third part, the best practices regarding
corporate governance in banks have been illustrated. Finally, the project concludes by saying that banks,
being a separate category of financial institutions require specialized set of norms for corporate
governance.

KEYWORDS: Corporate Governance, Public and Private Banks, RBI, SEBI, BESEL, Bank Governance.