Practices of corporate governance in Indusind Bank

Corporate governance is the set of guidelines for the internal control and to measure the performance of a corporation which is registered with a stock exchange. It involves balancing or protecting the interest of shareholders, customers, investors, suppliers, social community and government. Good corporate governance leads a corporation to grow, profitability, integrity and reliability. Banks need to follow the corporate governance practices due to the special function and they deal with the public money directly. A sound corporate governance guides on the structure and role of board of directors, internal as well external audit and risk management.

The practices of “corporate governance ”in “Indusind Bank ”are observed and analyzed. Five years of annual reports from 2011–12 to 2015–16 are analyzed with respect to five parameters of “corporate governance ”i.e. ‘Composition of Board ’, ‘Meeting of Board ’, ‘Composition of Audit Committee ’, ‘Meeting of Audit Committee ’and ‘Report on Corporate Governance'. Annual reports of bank are used for examining the “corporate governance ”practices adopted by the bank as per clause 49 of the listing agreement. The study concludes that overall “corporate governance ”practices of “Indusind Bank ”is good. The performance of bank is increasing year on year from 2011–12 which is a sign of good governance.