Commonwealth Bank and Westpac to face grilling today in Canberra

The heads of two of Australia's biggest banks will front a parliamentary inquiry in Canberra, with MPs set to quiz them on misconduct.

Westpac CEO Brian Hartzer and the CBA's Matt Comyn and will front a parliamentary inquiry. Source: AAP

The heads of Commonwealth Bank and Westpac are set to be grilled by MPs about how they are responding to damning royal commission findings.

CBA chief executive Matt Comyn and Westpac's Brian Hartzer are due to face the House of Representatives' economics committee on Friday, in the latest round of hearings into the big banks.

The royal commission uncovered shocking evidence of misconduct and greed in the Australian financial sector, at the expense of customers and businesses.

On Thursday, Westpac scrapped bonuses for its 2300 bank tellers as it aims to rebuild customer trust damaged during the banking inquiry.

ANZ and NAB executives are due to face the committee later in the month.

NAB chairman Ken Henry and chief executive Andrew Thorburn resigned after the bank was singled out as the worst of the big four.