RBI plays a leading role in formulating and implementing corporate governance norms for India’s banking sector. The ambit encompasses safeguarding and maximizing the shareholder’s value, upholding retail depositors risk and stabilizing the financial system to conserve the larger interests on public.
We have analysed financial information of banks which constitute 70% of total capital and reserves of the banking sector for a period of 5 years to examine whether RBI-prescribed corporate governance norms are effective. We conclude that RBI is an effective and efficient regulator of the banking sector and a good gatekeeper of corporate governance in the sector.
Our study has also been referred to in the book titled “Corporate Governance in Developing and Emerging Markets” by Franklin N Ngwu, Onyeka K Osuji and Frank H Stephen.
For more details of our study, please click on View Report.
For too long CSR in India had been left to non-directional, haphazard do-gooding; 'Governance' - the process through which decisions are taken - of CS
Corruption need not be the grease that oils the wheels of progress
Dr. Manmohan Singh, Former Prime Minister of India