The paper aims to look at the impact of corporate governance parameters on the financial performance of the banks. The variables considered for the quantitative analysis are the female directors, the chairman changed, the total remuneration, the total committees, the cost to income ratio, the non-performing assets ratio, and the provision coverage ratio. The performance of the banks is explained by the return on equity (ROE) and the return on assets (ROA). The descriptive statistics and fixed effects estimation model are considered for the quantitative analysis of the panel data. The sample consists of data from eighteen public sector banks during five years ranging from 2014-2015 to 2018-2019 when the banks were in the limelight for various discomforting reasons. The results of the study indicate that the variable the total remuneration showed a significantly positive impact on the performance of the banks. In contrast, the chairman changed, the total committees, the cost to income ratio, the gross non-performing assets ratio, and the provision coverage ratio displayed a significantly negative impact on the performance of the banks. The study is a preliminary attempt and can be considered as a basis for future research.