The present study reveals gender inequality in the boards of Indian banks. The present study examines the impact of section 149 of the Companies Act 2013 on female directors’ appointment to the board of directors in the Indian Banking Sector. The present study also examines whether there is a need to revise the existing law. Data from five public-sector banks and five private-sector banks were collected for this study over a ten-year period, from 2010-11 to 2019-20. Various statistical methods, such as mean, percentage, "t" test, and Paired t test, were used for analysis.

According to the study's findings, the majority of sample banks are just following the law and appointing one female director to their board. Data shows significant gender inequality on corporate boards. Second, there has been an increase in the number of female directors appointed to BODs after the implementation of the Companies Act 2013. Lastly, results show that there is more gender inequality on the boards of public sector banks than on the boards of private sector banks.