Corporate Governance Practice in Private Sector Banks with Special Reference to City Union Bank Limited
Keywords:
Corporate Governance, Clause 49, City Union BankAbstract
Banks are the most trusted financial institutions of our country. They mobilize and dispense the funds required for economic development. The financial development of a country greatly depends on the investor protection. Corporate Governance is such a tool to ensure investor protection through effective supervision and collaborating the working relationship between management and the supervisors. This paper aims at evaluating the Corporate Governance practices in private sector banks with special reference to City Union Bank. The Bank’s practices regarding Shareholding pattern, Board practices, Board committees, Disclosures and Transparency of information during the financial year 2016-2017 as reported by the Bank in their Annual Reports was evaluated. It is observed that the City Union Bank has complied with the mandatory requirements of Clause 49 of the listing agreement.
References
Dr.Abha Mittal, Ritika Agarwal (2015). Corporate Governance in India: An Emerging Trend Towards Global Market Economy, XVI Annual Conference Proceedings, January 2015.
Gagandeep, Dr.Satinder Kumar (2016). Corporate Governance in Banking Sector, International Journal of Business Management and Scientific Research, Vol: 20, August 2016.
Meghna Thapar, Arjun Sharma (2017). Corporate Governance in India: An Analysis, Journal of Economic and Social Development, Vol 4, No 1, March 2017.
Sonia Sharma (2014). Corporate Governance Practices: A Case Study of ICICI Bank Ltd, International Journal of Innovative Research And Studies, Vol 3, Issue 2, February 2014.
