AFTER A SIX-MONTH-LONG process of crunching numbers of banks and non-banking financial companies (NBFCs), the moment finally arrived to crown the champions of the 29th BT-KPMG India's Best Banks and NBFCs Survey 2023-24 this November.
A high-powered jury, led by Jayant Sinha, Former Chair of the Standing Committee on Finance and Former Minister of State for Finance, deliberated on the data.
Other members included Subhash Chandra Garg, Former Economic Affairs Secretary; Dinesh Kumar Khara, Former Chairman of State Bank of India; Kalpana Morparia, Former Chair (South & Southeast Asia), J.P. Morgan; Gunit Chadha, Founder of APAC Financial Services; Alice G. Vaidyan, Former CMD of GIC; and A.P. Hota, former MD & CEO of NPCI.
When it came to picking winners, the jury prioritised 'impact' while evaluating several categories, particularly in innovation and fintech engagement.
Dinesh Kumar Khara recused himself from deliberations on the Lifetime Achievement Award, where he was a nominee, and the Best Bank in Innovation Award, where SBI's innovation was listed among the top three. A.P. Hota, a board member of Federal Bank, also stepped aside from the Lifetime Achievement Award since former MD & CEO Shyam Srinivasan was a nominee. Sinha excused himself from the Best Fintech in Lending Award since his wife, Punita Kumar Sinha, serves as an independent director on the board of MobiKwik.
The jury selected nine winners across 10 categories. The Best Bank in Fintech Initiative award was dropped for the lack of strong entries. In addition, six winners were picked purely on the basis of a quantitative analysis, independent of the jury.
QUANTITATIVE AWARDS
Denne historien er fra January 05, 2025-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 05, 2025-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
"Inaction is worse than mistakes"
What was the problem you were grappling with?
TEEING OFF WITH TITANS
BUSINESS TODAY GOLF RESUMES ITS STORIED JOURNEY WITH THE 2024-25 SEASON OPENER IN DELHI-NCR. THERE ARE SIX MORE CITIES TO COME
AI FOOT FORWARD
THE WHO'S WHO OF THE AI WORLD GATHERED AT THE TAJ MAHAL PALACE IN MUMBAI TO DELIBERATE THE TRANSFORMATIVE IMPACT OF AI ON INNOVATION, INDUSTRIES, AND EVERYDAY LIFE.
Decolonising the Walls
ART START-UP MAAZI MERCHANT IS ON A MISSION TO BRING INDIA'S FORGOTTEN ART BACK HOME
"I'm bringing Kotak under one narrative, one strategy, one umbrella”
Ashok Vaswani is a global banker who spent most of his career overseas at institutions like Citi Group and Barclays, among others.
CHOOSING THE CHAMPIONS
The insights and methodology behind the BT-KPMG India's Best Banks and NBFCs Survey 2023-24.
'INDIA IS AT AN EXTREMELY SWEET SPOT'
The jury members of the BT-KPMG Survey of India's Best Banks and NBFCs discuss developments in the banking sector and more
FROM CRISIS TO TRIUMPH
Dinesh Kumar Khara stewarded SBI through multiple challenges during his tenure, while ensuring that profits tripled, productivity soared, and the bank consolidated its global standing
AT A CROSSROADS
BANKS ARE FACING CHALLENGES ON BOTH SIDES OF THE BALANCE SHEET-ASSETS AS WELL AS LIABILITIES-WHICH ARE PUTTING PRESSURE ON MARGINS.
EXPANSIVE VISION
Bajaj Finance, an outlier in terms of digitisation, faces stiff competition. But it continues to expand its reach
