Corporate Governance in Indian Public Financial Institutions

It has been realized that Corporate Governance is vital for better management of any organisation. Financial reporting and disclosure of any information are the key factors of corporate governance. Financial Institutions are no exceptions and there has been increasing demand for transparency in functioning of these Institutions in view of several scams. This paper has discussed about reporting pattern of India's five main institutions namely SBI, IDBI, SIDBI, IFCI and HDFC. In view of transparency in functioning, Audit Committee for corporate governance has a vital role to play. This committee acts as a bridge between Internal Auditors and statutory Auditors.