Corporate Governance Trends and Best Practices among Foreign Banks in India

Examining the Impact of Corporate Governance on Foreign Banks in India

Abstract

Banks plays an important role in economic growth for every country. The health of the economy is deeply related to the banking system. When any bank allocate funds proficiently, it automatically reduce the cost of capital, and increase the space of capital formation, also, increase productivity to help in growth of firms. In present era, India cannot ignore the importance of Corporate Governance. In this research paper, the information about corporate governance trends, strategies and best practices among foreign banks in India are given.Corporate governance is a concept which provides a set of relationships between an institutional management, board of directors, and shareholders. Today, Corporate Governance is identifies as a paradigm for improving competitiveness, enhancing efficiency and improving investors’ confidence, gaining trust and accessing capital.