Second, the essence of corporate governance relates to a system in which the interests of the whole gamut of stakeholders of an organisation are recognised and conflicts among them are sought to be reconciled. Third, Indian banks will have to enhance the transparency of their operations and make greater disclosures to the public to attain international standards of corporate governance.
Fourth, one may expect to see governance rating of institutions along the lines of credit rating. Some issues relating to cooperative banks, especially urban cooperative banks have been discussed, particularly on regulatory matters relating to access to capital funds from the capital market, lending rate stipulations, evolution of a credit rating system, giving a level-playing field with commercial banks, etc.