Corporate Governance in Indian Banking Industry: An Experience with HDFC Bank & SBI
Samontaray, Dr.Durga Prasad . 2008
The role of Corporate Governance (CG) has become an essential part of the corporate disclosure practice of any successful organization. The most accepted corporate mantra today is that the better the CG practice of an organization the better the shareholder and stakeholder value creation. The same is also applicable to the emerging financial sector of the country, particularly the banking industry. The entry of new private and foreign bankers has made the industry more competitive; at the same time, the role of CG has become more important from the point of view of protection of the stakeholder interest. In this paper an attempt is made to make a detailed comparative study of the CG practice of two leading banks based on their annual report for the financial year 2006-07. The banks under study were The State Bank of India (SBI) and The HDFC Bank Ltd., the former is a leading public sector bank whereas the latter one is a leading private bank. The study is based on the report of CG given by the Narayana Murthy Committee on CG.
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