• Ankur Shukla
• Narayanswamy Sivasankaran

The purpose of this paper is to examine whether corporate governance (CG)mechanisms of Indian banks affect their financial performance. This study employs panel data models for a sample of 29 Indian banks that form part of the National Stock Exchange 500 index(NSE-500 Index) for the period 2009-2016.Ten board characteristics are considered as the proxy for CG of banks.Return on Assets(ROA) is assumed to be a proxy for financial performance of banks. Our work concludes that only one out of ten board characteristics, namely number of board members positively affects accounting performance of Indian banks (measured through return on assets). This study looks at a sample of twenty nine Indian banks over a period of eight years only ,the findings of the study may differ,if different time period is considered .Further other corporate governance mechanisms such as characteristics of audit committee,stakeholder relations committee,nomination and remuneration committee and risk management committee are not considered for the study. This paper adds to the domain of corporate governance by introducing a new measure for corporate governance of banks which is constructed by collecting the relevant data from the annual reports of the sample banks.Academia,hereafter, may employ the identified board related variables, as the proxy for CG of the banks.Further, managers of banks may improve their performance by taking cognizance of those board related parameters, which have an impact on their performance. To the best of the knowledge of the authors, no study in the literature has investigated the impact of CG on the performance of banks in India.Hence, the findings of the study has major implications both for academia and managers.

Corporate Governance, Bank Performance, Board characteristics, Indian Banks

"DOES CORPORATE GOVERNANCE IMPACT BANK PERFORMANCE? -EVIDENCE FROM INDIA ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 8, page no.696-709, August-2018, Available :http://www.jetir.org/papers/JETIRA006124.pdf

"DOES CORPORATE GOVERNANCE IMPACT BANK PERFORMANCE? -EVIDENCE FROM INDIA ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 8, page no. pp696-709, August-2018, Available at : http://www.jetir.org/papers/JETIRA006124.pdf