• MANASA RANJAN MISHRA

Abstract The field of corporate governance in the Indian banking sector is characterized by a special regulation system offered by statutory interventions, prudential norms, and supervisory regulations of the Reserve Bank of India (RBI). The paper provided will discuss how RBI altered the functions as a quasi-legislative body, executive, and supervisory body in governing the public and private banks sector. The research paper has critically examined in the context of a doctrinal approach and analytical, how the Banking Regulation Act, 1949, the Reserve Bank of India Act, 1934 and the post-liberalization reform has re-organized the notion of accountability, composition of the boards and risk management of the banking industry. It further compares the contemporary circulars, and governance policies and the 2025 Banking Laws (Amendment) Act to see how far RBIs interventions are taken in the sense that it satisfies the best practice of the world including those proposed by Basel Committee on Banking Supervision. The analysis, through a legal-institutional approach, outlines that there are still certain gaps in the regulation, and the reforms can be made to make it transparent, independent and protect shareholders but not to jeopardize the supervisory role of the central bank. The findings show that despite the fact the RBI has remained in the process of enhancing the governance structure, there are still few challenges in the balancing of these two roles of the institution the provider of monetary stability and the instiller of institutional integrity. A conclusion of the paper is also provided with policy recommendations on how to improve the Indian banking activities to sustainability and accountability on the governance regime of the banking activities. Keywords: Reserve Bank of India (RBI), Corporate Governance, Banking Regulation, Legal Framework, Supervisory Oversight

RESERVE BANK OF INDIA(RBI) , CORPORATE GOVERNANCE , BANKING REGULATION ,LEGAL FRAMEWORK, SUPERVISORY OVERSIGHT.

"ROLE OF RESERVE BANK OF INDIA IN CORPORATE GOVERNANCE OF BANKS: A LEGAL STUDY ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 12, page no.b531-b545, December-2025, Available :http://www.jetir.org/papers/JETIR2512169.pdf

"ROLE OF RESERVE BANK OF INDIA IN CORPORATE GOVERNANCE OF BANKS: A LEGAL STUDY ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.12, Issue 12, page no. ppb531-b545, December-2025, Available at : http://www.jetir.org/papers/JETIR2512169.pdf