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    Corporate Governance in State Bank of India

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    rahuln181
    State Bank of India (SBI) is India's largest bank in terms of assets, deposits, branches, and employees. SBI is committed to best practices in corporate governance to protect depositor interests and optimize shareholder value. The central board of directors oversees risk management, integrity of operations, expert management, and stakeholder interests. It has constituted seven board committees on areas like audit, risk, and customer service. SBI discloses information on earnings, provisions, loan concentrations, and geographic segments for transparency. While implementing governance provisions, it can improve customer service and social responsibility spending.

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    Corporate Governance in State Bank of India

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    rahuln181
    466 views8 pages
    State Bank of India (SBI) is India's largest bank in terms of assets, deposits, branches, and employees. SBI is committed to best practices in corporate governance to protect depositor interests and optimize shareholder value. The central board of directors oversees risk management, integrity of operations, expert management, and stakeholder interests. It has constituted seven board committees on areas like audit, risk, and customer service. SBI discloses information on earnings, provisions, loan concentrations, and geographic segments for transparency. While implementing governance provisions, it can improve customer service and social responsibility spending.

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    State Bank of India (SBI) is India's largest bank in terms of assets, deposits, branches, and employees. SBI is committed to best practices in corporate governance to protect depositor interests and optimize shareholder value. The central board of directors oversees risk management, integrity of operations, expert management, and stakeholder interests. It has constituted seven board committees on areas like audit, risk, and customer service. SBI discloses information on earnings, provisions, loan concentrations, and geographic segments for transparency. While implementing governance provisions, it can improve customer service and social responsibility spending.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    Download as ppt, pdf, or txt
    466 views8 pages

    Corporate Governance in State Bank of India

    Uploaded by

    rahuln181
    State Bank of India (SBI) is India's largest bank in terms of assets, deposits, branches, and employees. SBI is committed to best practices in corporate governance to protect depositor interests and optimize shareholder value. The central board of directors oversees risk management, integrity of operations, expert management, and stakeholder interests. It has constituted seven board committees on areas like audit, risk, and customer service. SBI discloses information on earnings, provisions, loan concentrations, and geographic segments for transparency. While implementing governance provisions, it can improve customer service and social responsibility spending.

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    of 8

    CORPORATE GOVERNANCE IN STATE BANK OF INDIA

    CORPORATE GOVERNANCE IN BANKING SECTOR


    Banks form an important part of the economy of the country Majority of the banks are in public sector Restrictive support available from the govt for further capitalization of banks, many banks may have to go for public issues.

    WHY CORPORATE GOVERNANCE IN BANKS :


    objective of governance in banks should be protection of depositors interest and then be to optimize the shareholders interest. Many big banks in public sector and few public/private had incurred substantial losses. Deals with people's funds.

    CORPORATE GOVERNANCE IN SBI


    SBI is the countrys largest commercial bank in terms of profits, assets,
    deposits, branches and employees. With over 200 years of existence, State Bank group has a presence in 33 countries and extensive network of more than 18,000 branches and 26,000 plus ATMs and 100 million accounts across the country. The only Indian Bank to feature in the Fortune 500 list, SBI has 5 Associate banks 7 Subsidiaries arguably the largest in the world.

    SBI is committed to the best practices in the area of corporate governance.


    The sound corporate governance practice in State Bank of India would lead to effective and more meaningful supervision and could contribute to

    a collaborative working relationship between bank management and bank


    supervisors.

    BOARD PRACTICES
    CENTRAL BOARD
    The central board of directors was constituted according to the SBI act 1955.

    ROLES INCLUDE:
    Overseeing the risk profile of the bank, monitoring the integrity of its
    business and control mechanism, ensuring expert management, maximising the interest of its stakeholders.

    THE CENTRAL BOARD HAS CONSTITUTED 7 BOARD LEVEL COMMITTEES:


    1. Audit committee of the board

    2. Risk Management Committee of the Board


    3. Shareholders/Investors Grievance Committee of the Board 4. Special Committee of the Board for Monitoring of Large Value Frauds 5. Customer Service Committee of the Board 6. IT Strategy Committee of the Board 7. Remuneration Committee of the Board

    STAKEHOLDER SERVICES
    i. Shareholders

    ii.
    iii.

    Customers
    ATMs

    iv. Mobile Banking v. Internet Banking

    vi. Foreign Offices vii. Customer Complaints

    DISCLOSURE AND TRANSPARENCY


    Disclosure and transparency are the important pillars of a corporate governance framework enabling adequate information flow to various stakeholders and leading to informed decisions. The SBI was implementing all the provisions of corporate governance and disclosure in the important and confidential information related to earnings per share ,details of different provisions and contingencies ,details of concentration of advances, exposures & npas information of SBI and secondary geographic segments information of SBI.

    FINDINGS AND CONCLUSION


    It is implementing all the provisions of CG according to the RBI/GOI directions. SBI conducted different board meetings regularly. Even though the SBI is showing good performance and implementing provisions of corporate governance, some lapses have to be rectified for increasing the performance.

    Drawback in net banking operations.


    Customer complaints have increased The SBI is conducting different types of social services activities in different sectors like education, healthcare and other areas as a part of social responsibility. The amount spent for this purpose was Rs. 71.18 crores only. It is suggested that the amount must be increased for social service activities to draw public attention.

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