CORPORATE GOVERNANCE & SUSTAINABLE DEVELOPMENT IN INDIAN BANKING SECTOR: A CASE STUDY APPROACH.

Corporate governance has become an important issue of late. Corporate governance is about ethical conduct in business. It is the system by which businesses are directed and controlled. The issue of ethics & corporate governance is particularly important for developing countries since it is central to financial and economic development. India, with the legacy of the British legal system, has one of the best corporate governance laws but poor implementation combined with socialistic policies of the pre-reform era which affected corporate governance. The purpose of this paper is to explore the relationship between Corporate Governance and Sustainability in Banking Sector. This research examines the practices of corporate governance attributes in banking sector also presents discussion surrounding governance practices by some Indian banks. The methodology consists of a case study based approach of secondary sources like Bank websites, RBI reports, etc. This paper reviews the existing codes of Corporate Governance (CG) in India. It analyzes the CG structures and practices in HDFC bank & State Bank of India by using a case study methodology. It uses secondary data for analyzing the adaptability of CG codes and the initiatives for sustainable development in the Indian context. [ABSTRACT FROM AUTHOR]