In recent times, corporate governance has received considerable attention. It has developed as an important mechanism for improving a company’s performance and reducing the risk of corporate collapses and accounting fraud. The banking sector acts as a backbone of modern business and plays a pivotal role in promoting stable economic growth in a country. The functioning of banks has ramifications for the sound operation of firms, capital allocation, and industrial expansion. Effective banking governance is more likely to allocate capital efficiently and stimulate productivity growth, thereby increasing the prosperity of an economy. The protection of data of the depositor and the risk of bank failures are quiet serious reasons that make the banking governance different from most of the non-financial firms. To understand how banks are structured, it is important to first understand their corporate governance. Part A of the study discusses the structural overview of corporate governance in the banking system and detailed computation of corporate governance scores of the top 10 commercial banks in India based on their market capitalization. Part B of the chapter intends to analyze the investment behavior by examining how the stock price fluctuations of these banks are affected by the corporate governance scores. The enhancement of investors’ confidence can be better studied by analyzing fluctuations in stock prices. It unravels how the investors’ confidence changes with respect to corporate governance in the banking sector and thereby explores how the shareholders’ value maximizes their investment level in a sustainable way based on banking governance.