Governance in Banks: Issues, Concerns and the Roadmap Ahead

The Centre of Excellence in Public Policy, Law and Governance at IIT Kharagpur hosted a special lecture on "Governance in Banks: Issues, Concerns and the Roadmap Ahead", addressing one of the most critical aspects of India's financial sector reform agenda.

The lecture examined the evolving landscape of corporate governance in India's banking sector, covering both public sector and private banks. With the banking sector playing a pivotal role in India's economic development, robust governance frameworks are essential for maintaining financial stability, protecting depositor interests, and ensuring sustainable growth.

The session covered key governance challenges including board effectiveness, risk management oversight, regulatory compliance, transparency and disclosure norms, and the balance between commercial objectives and social banking mandates.

• Current State of Governance in Indian Banking Sector
• Board Composition, Independence and Effectiveness
• Risk Management and Internal Controls Framework
• NPA Crisis and Governance Failures
• RBI's Governance Guidelines and Regulatory Framework
• Digital Banking Governance and Cybersecurity Challenges
• Comparative Analysis: Public vs Private Sector Bank Governance
• Roadmap for Strengthening Banking Governance in India