The performance of corporates is a vital concept that relates to the paths and manners in which financial and non-financial resources available to a firm are shrewdly used to accomplish the overall objective of a firm. The comprehensive motive of good governance of corporates is amplification of investors' confidence in the economy of a country. The aim of the present study was to assess the impact of corporate governance (practices) on performance of selected banks. Using a non-binary approach, unweighted index was constructed for the present study. Trichotomous approach was followed to quantify each sub-variable of corporate governance. All scheduled public sector banks, which were listed on BSE as well as NSE as on April 01, 2014 were selected. The study used secondary data, which were obtained from government publications, respective banks' websites, corporate governance reports, and annual reports of selected banks. Prowess database, Capitaline Plus database, and Indian Boards database were also used to assemble the data. The data were put together for a period of 10 financial years from 2006-07 to 2015-16. The panel data were analyzed through STATA Software by using descriptive statistics and econometric models, that is, pooled ordinary least squares, fixed-effects, and random-effects models. Test for normality, test for multicollinearity, test for heteroskedasticity, test for serial correlation, Hausman test, and LM test were also carried out for the present study. The study found that corporate governance had a significant role in determining the basic earnings per share; whereas, corporate governance did not significantly influence the performance measure Tobins'Q.

1. Ahmed, K., & Nicholls, D. (1994). The impact of non-financial company characteristics on mandatory compliance in developing countries: The case of Bangladesh. The International Journal of Accounting, 29 (1), 62-77.
2. Alfaraih, M., Alanezi, F., & Almujamed, H. (2012). The influence of institutional and government ownership on firm performance: Evidence from Kuwait. International Business Research, 5 (10), 192-200. <a href=https://dx.doi.org/10.5539/ibr.v5n10p192 target="_blank">https://dx.doi.org/10.5539/ibr.v5n10p192</a>
3. Bussoli, C., Gigante, M., & Tritto, M. B. (2015). The impact of corporate governance on banks performance and loan quality: Evidence from Italian co-operative banks. Chinese Business Review, 14 (8), 390-401. <a href=https://dx.doi.org/10.17265/1537-1506/2015.08.003 target="_blank">https://dx.doi.org/10.17265/1537-1506/2015.08.003</a>
4. Fallatah, Y., & Dickins, D. (2012). Corporate governance and firm performance and value in Saudi Arabia. African Journal of Business Management, 6 (36), 10025-10034. <a href=https://dx.doi.org/10.5897/AJBM12.008 target="_blank">https://dx.doi.org/10.5897/AJBM12.008</a>
5. Hossain, M. (2008). The extent of disclosure in annual reports of banking companies: The case of India. European Journal of Scientific Research, 23 (4), 659-680.
6. Inam, H., & Mukhtar, A. (2014). Corporate governance and its impact on performance of banking sector in Pakistan. International Journal of Information, 6 (3), 106-117.
7. Jain, S., & Nangia, V. K. (2014). Corporate governance disclosures: Emerging trends in Indian banks. Retrieved from <a href=http://ssrn.com/abstract=2476234 target="_blank">http://ssrn.com/abstract=2476234</a>
8. Kabigting, L. C. (2011). Corporate governance among banks listed in the Philippine stock exchange. Journal of International Business Research, 10(2), 59-68. Retrieved from <a href=https://www.questia.com/library/journal/1P3-2546678401/corporate-governance-among-banks-listed-in-the-philippine target="_blank">https://www.questia.com/library/journal/1P3-2546678401/corporate-governance-among-banks-listed-in-the-philippine</a>
9. Korczak, A., & Korczak, P. (2009). Corporate ownership and the information content of earnings in Poland. Applied Financial Economics, 19(9), 703-717. <a href=https://dx.doi.org/10.1080/09603100802167247 target="_blank">https://dx.doi.org/10.1080/09603100802167247</a>
10. Kumar, N., & Sudesh (2016). Achieving gender balance in the boardroom : India vis-a-vis European countries. Prabandhan: Indian Journal of Management, 9 (7), 49-59. <a href=https://dx.doi.org/10.17010/pijom/2016/v9i7/97788 target="_blank">https://dx.doi.org/10.17010/pijom/2016/v9i7/97788</a>
11. Machiraju, H. R. (2013). Corporate governance (2nd revised ed.). Mumbai: Himalaya Publishing House Pvt. Ltd.
12. Mahadeo, J. D., & Soobaroyen, T. (2013). A longitudinal study of the implementation of the corporate governance code in a developing country : The case of Mauritius. Business & Society, 55 (5), 738-777. <a href=https://dx.doi.org/10.1177/0007650313501838 target="_blank">https://dx.doi.org/10.1177/0007650313501838</a>
13. Mallin, C. (2002). The relationship between corporate governance, transparency and financial disclosure. Corporate Governance: An International Review, 10 (4), 253-255. <a href=https://dx.doi.org/10.1111/1467-8683.00289 target="_blank">https://dx.doi.org/10.1111/1467-8683.00289</a>
14. Ravi, H. (2015). Corporate governance and the performance of banks in India. USA: Scholars’ Press.
15. Reddy, M. A., & Akula, R. (2011). Corporate governance : The role of various stakeholders. Prabandhan: Indian Journal of Management, 4 (5), 50-55. <a href=https://dx.doi.org/10.17010/pijom/2011/v4i5/62458 target="_blank">https://dx.doi.org/10.17010/pijom/2011/v4i5/62458</a>
16. Reserve Bank of India. (2001). Standing committee on international financial standards and codes: Advisory group on corporate governance. Retrieved from <a href=https://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?ID=220 target="_blank">https://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?ID=220</a>
17. Strenger, C. (2004). The corporate governance scorecard: A tool for the implementation of corporate governance. Corporate Governance: An International Review, 12 (1), 11-15. <a href=https://dx.doi.org/10.1111/j.1467-8683.2004.00339.x target="_blank">https://dx.doi.org/10.1111/j.1467-8683.2004.00339.x</a>
18. Swain, K. R., & Samantaray, A. K. (2012). Role of corporate governance in Indian banking (1st ed.). New Delhi: SSDN Publishers and Distributors.
19. Yusoff, W. F. W., & Alhaji, I. A. (2012). Corporate governance and firm performance of listed companies in Malaysia. Trends and Development in Management Studies, 1 (1), 43-65.