Purpose:Risk management and Good Corporate Governance go hand in hand, providing a means to investigate. The study aims to analyze how Corporate Governance affects the risks addressed by BASEL II standards on New Generation Private Banks of India. Research Methodology: Regression and panel data analysis was used to test the hypotheses and the proposed model.This study covered 7 banks for the period 2011 to 2020. Findings:The findings indicate that board size has a substantial impact on Market risk but a negligible impact on Credit risk and Operational risk. Additionally, we found that board independence has a negligible impact on credit, market, and operational risks. A similar finding was made for the Independence of the Audit Committee, which has a negligible effect on the risks of the Bank that exhibit distinct characteristics. Practical Implication: The study shows how Corporate Governance impact Risk Management of banks. Bank management can utilize this study to shape their Risk Management policy. Policymakers and the government may use the study's findings to create solid banking policies that can withstand future crises.Originality/ Value:In the recent past, several studies have been conducted to determine the effect of corporate Governance on risk management, but this is the first to examine all of the risks associated with BASEL II requirements for Indian banks.