Manuscript type: Empirical Study.

Research Issue: Corporate Governance is getting a focused attention  particularly after market and public confidence become fragile after a series of high profile corporate failures in which the absence of effective governance was a major factor. Good Governance is becoming a source of competitive advantage among economies for attracting international capital.  Responsibility, Transparency, Fairness and Accountability are the four vital pillars for strong Corporate Governance. Corporate Governance helps in establishing a system where a director is showered with duties and responsibilities of the affairs of the Company. This study presents Corporate Governance disclosure practices  in five Indian Private Sector Banks listed in BSE Top 100 (HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, Yes Bank) . With the aim of this study main objectives are as follow –

1. To develop Corporate Governance Disclosure  Index on the basis of Mandatory and Non-Mandatory requirement issued by SEBI in Revised Clause 49 of Listing Agreement.
2. To determine the Corporate Governance practices in selected banks ( Five Private Sector Banks  listed in BSE Top 100 )
3. To make comparative analysis of Corporate Governance practices between the sampled banks.

Research Findings: The study found that the degree of Corporate Governance compliance is fairly good in all selected banks ( Five Private Sector Banks).  All of the banks fulfilled the mandatory requirements in all sub-indices of the Clause 49, but HDFC Bank gained highest score in all selected banks. Banks have complied with all the applicable mandatory requirements of the Code of Corporate Governance as prescribed under the SEBI Listing Agreement.

Research Suggestions: All selected Banks have complied with all the applicable mandatory requirements of the Code of Corporate Governance as per Clause 49, But to improve market condition, to gain interest of stakeholders and also to remove corruption and avoid scams, Banks should be followed Corporate Governance practices in more efficient manner and SEBI should be taken action for any Non-Compliances by any companies.

KEYWORDS: Corporate Governance, Clause 49, SEBI, Disclosure Practices, Companies Act 2013, Private Sector Banks.