CORPORATE GOVERNANCE IN INDIAN BANKING SECTOR: AN EMPIRICAL STUDY

 

The relevance of corporate governance, specially in today times cannot be ignored wherein multiple sector of economy are pacing and adapting itself with the new advents in technology. Technology like digitization, robots, chatbots, artificial intelligence has changed the landscape of how the organization used to operate.The main focus of Corporate Governance is on corporate fairness, total transparency, integrity of management and their accountability towards stakeholders which includes building confidence and trust among all stakeholders i.e. shareholders, employees, creditors, consumers, and the world at large. Present study is concerned with comparing the governing pattern in private and public sector banks, therefore SBI, PNB and UCO Bank representing public sector and ICICI, HDFC Bank and Axis Bank representing private sector banks. The convenient sampling has been used to collect information from the respondents and the sample size is 542. The paper is focused on; to examine the various attributes of corporate governance in Indian banking industry; to assess the role of information technology in the corporate governance in Indian banking sector. For the accomplishment of the objectives of the paper various statistical methods were used and the results show that there is a strong need for the coporate governance in the Indian banking sector. It is also concluded that banking industry is trying to win over the technology aspect in their corporate governance mechanism.

 

KEYWORDS: Corporate Governance, Sample Size, Integrity of Management, Accountability.


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