Legal and Financial Interaction on Corporate Governace to Commercial Banks in Thruiruvananthapuram District
Keywords:
Corporate governance, Banking sector, Financial institutions, Legal structure, Financial systemAbstract
Corporate governance’s goal is to aid in creating the climate of trust, openness, and accountability required to promote long-term investment, financial stability, and commercial integrity, promoting greater growth and more inclusive societies. Without a question, the goal of corporate governance in the banking sector is to strengthen and increase openness, accountability, credibility, and integrity. Banks can make decisions based on their own whims and fancies if there is no regulatory watchdog to supervise bank governance. The corporate governance structure is crucial for Indian banks because the bulk of these institutions operate in the public sector, where they compete not only with one another but also with other players in the financial services industry, such as financial institutions and mutual funds. Based on the above scenario, an attempt has been done to examine the Legal and Financial interaction on Corporate Governance to Commercial banks in Thruiruvananthapuram district and Multilayer Model was done. The primary dominant variable that supports the corporate governance of commercial banks in the Thiruvananthapuram district is the legal structure’s influencing level. Additionally significant are the financial system and the interaction between the legal system and the financial sector.
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