Financial Reporting Practices in Commercial Banks in India - A Comparative Study
Today banks are not merely financial institutions instead their role has changed considerably with the passage of
time. The modern economy is now dependent on banks and their services in order to grow. In India banking sector has
undergone series of transformation after independence from being a lending institution to being the fulcrum of our economy.
They have the surplus resources from all the sectors and they channelize them into the deficit sectors. Thus there comes a
need to disclose their operational information to satisfy the information needs of the users. This research paper will try to
highlight the current scenario of disclosure practices in the banking sector and also do a comparative study of the disclosure
practices of public and private sector banks.
Keywords - Disclosure, Transparency, Corporate Governance, Stewardship Information, Financial Reporting