This report critically examines the role of the Royal Commission's report in addressing ethical practices, accountability, and integrity within the Australian banking sector. The analysis centers on the application of theoretical perspectives, particularly Rawls' theory of justice, in shaping ethical business behaviors within financial institutions. The report investigates widespread misconduct, including manipulation and unethical practices, highlighting the lack of accountability for perpetrators. It aligns the Royal Commissioner's recommendations with Rawls' theory, emphasizing the importance of fair practices and social contracts. The findings underscore the need for ethical laws, CSR initiatives, and a focus on stakeholder interests to combat unethical behaviors and restore trust in the banking sector. The report provides recommendations for promoting ethical conduct, including incorporating CSR to promote business ethics and ethical practices. The report highlights the conflict between profit maximization and ethical conduct and suggests that ethical practices are essential to regulate the operations of banks and promote right practices.