Corporate Governance Has Become a ―Buzz Word‖ Nowadays. All Thanks to Liberalization And
Globalization That Have Led to the Renaissance of the Concept of Corporate Governance All Across The
Globe. It Is Based on the Dictum of Accountability, Transparency and Quality. Banking As Is Different From
Other Forms of Business Has Commonly Been Treated As a Matter of Public Interest Given Its Overall
Importance to the Economy Both In Regard to Its Linkages With the Real Sector and For Providing A
Payments and Settlement System. the Constant Efforts Made By the Reserve Bank of India and The
Government to Improve the State of Governance In Banking Sector Cannot Be Said to Be Nugatory But Its
Efficiency Is Still Surrounded By Questions. This Paper Critically Analyses the Existing Governance
Practices In the Banks Across the Country In the Light of the Financial Position of the Banks In the Last
Decade Elaborating on the Issues of Governance In Banks and the Consequences the Banks Are Facing
On Account of Poor Corporate Governance In the Banking Industry. It Also Examines the Viability of The
Existing Legislative Framework and the Efficiency of the Actions Taken With Regards to Governance By The
Regulatory Authorities.