Banking sector saw signs of stability in 2019. The year saw the government announcing the biggest-ever consolidation of public sector banks (PSBs), increased capital raising by private banks, peaking of bad loan provisioning, deterioration of asset quality and return to higher operating profits. It is in this backgdrop that Business Today-KPMG started the annual exercise of picking India’s Best Banks and Fintechs. This six-month process started with knowledge partner KPMG studying annual reports of banks and reaching out to them for qualitative inputs in areas such as rural outreach, innovation, and fintech engagement. The team also reached out to the fintech community in areas of Payments, Lending and Value Added Services to arrive at a list of best five in each category.
The next step was to put the entire Best Banks and Fintech study before an external jury to decide the winners. The jury comprised Vinayak Bahuguna, MD & CEO, ARCIL India; Arun Purwar, Former Chairman, State Bank of India; Shailesh Haribhakti, Chairman, Desai Haribhakti Group; Seshagiri Rao, Joint MD, JSW Steel; and Sandeep Chiber, India Head, FIS Global.
The jury commended the inherent strengths of Indian banking. There was a lengthy discussion to decide the “Bank of the Year” where the jury gave a joint award to HDFC Bank and SBI. Apart from the financial performance of top banks in quantitative terms, the jury also looked at qualitative factors. The members deliberated on issues like succession and leadership. They also talked about governance issues. The trust factor was also touched upon in view of the recent debacle at some cooperative banks. The quality of banks’ books and market perception also found mention in the deliberations.
Bu hikaye Business Today dergisinin March 22, 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Today dergisinin March 22, 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
A Man of Multitudes
IN A NEW BOOK, CAPTAINS OF INDIA INC. AND OTHERS PAY TRIBUTE TO RAHUL BAJAJ, THE TITAN OF INDIAN INDUSTRY
HOUSE OF THE RISING SUN
WITH THE GOVERNMENT OFFERING SUBSIDIES UNDER THE PM SURYA GHAR MUFT BIJLI YOJANA, MANY HOUSEHOLDS HAVE TAKEN A SHINE TO SOLAR ROOFTOP PANELS. BUT HOW MUCH DO THEY COST?
FROM GREY TO GREEN
WITH THE CLIMATE CRISIS BECOMING MORE ACUTE, GREEN HYDROGEN COULD BE AN IMPORTANT SOLUTION
ECO CHAMBER
DATA CENTRES ARE A VERY VITAL PART OF THE DIGITAL TRANSFORMATION THAT IS UNDERWAY, BUT THERE'S A PROBLEM: THEY CONSUME TOO MUCH ENERGY. AS DEMAND FOR SUCH CENTRES INCREASES IN INDIA, IT HAS NO OPTION BUT TO EMBRACE GREEN SOLUTIONS
THE GREEN BARRIER
THE EU'S CARBON BORDER ADJUSTMENT MECHANISM COULD MAKE INDIAN EXPORTS UNCOMPETITIVE, UNLESS EFFORTS TO REDUCE CARBON EMISSIONS ARE ACCELERATED
HUMANISING SUSTAINABILITY
THERE IS A NEED TO MOVE BEYOND INDIVIDUAL WELL-BEING AND FOSTER A SENSE OF INTERCONNECTEDNESS AND SOLIDARITY
DE-RISKING THE BOOKS
INDIAN BANKS ARE BEGINNING TO TAKE BABY STEPS TOWARDS ADDRESSING CLIMATE-RELATED FINANCIAL RISKS IN THEIR BOOKS. BUT THEY MUST PUT THEIR FOOT ON THE PEDAL AND ENHANCE PREPAREDNESS
PAYING FOR CHANGE
WITH EXTREME WEATHER INCREASINGLY PUTTING THE COUNTRY AND ITS ECONOMY AT RISK, INDIA SHOULD EXPLORE CLIMATE FINANCE PATHWAYS TO FUND ITS NET-ZERO JOURNEY TOWARDS A GREENER FUTURE
BEYOND THE BLIP
ESG HAS BEEN UNDER SCRUTINY GLOBALLY AMID ALLEGATIONS OF GREENWASHING AND RECORD REDEMPTIONS FROM ESG FUNDS. BUT THAT MAY JUST BE ONE SIDE OF THE STORY, SINCE SUSTAINABLE PRACTICES HAVE BECOME CORE COMPONENTS OF COMPANIES' STRATEGIES
PROFITING FROM ESG
INITIALLY DRIVEN BY REGULATORY COMPLIANCE REQUIREMENTS, BUSINESSES ARE INCREASINGLY VIEWING ESG AS A TOOL TO ENHANCE PROFITABILITY. BUT THERE IS STILL A LONG WAY TO GO