India's Best Banks- Business Today

THE WINNERS

  • BT-KPMG study picks India's Best Banks

    Bank of the Year/ Digital Bank: HDFC BANK
    "Our more than 55 per cent branches are in rural and semi-urban geographies," says MD and CEO  Aditya Puri, using this to make a point that HDFC Bank's balance sheet is reflective of the country's economy.

  • BT-KPMG study picks India's Best Banks

    Best Financial Inclusion Initiative: SBI
    India's largest bank has been actively covering inaccessible villages through its banking correspondents or BCs. BC is a representative authorised to offer services such as cash transactions in areas where the bank does not have a branch.

  • BT-KPMG study picks India's Best Banks

    Most Innovative Bank: ICICI Bank
    Chanda Kochhar has created a strong foundation for the future growth of ICICI Bank. She took over as the MD & CEO in 2009 and has subsequently focused on improving the operating parameters of the bank. It seems she has achieved her goals.

  • BT-KPMG study picks India's Best Banks

    Kaizad Bharucha, Executive Director at HDFC Bank

  • BT-KPMG study picks India's Best Banks

    Large Foreign Banks (Quality of assets) JP Morgan India
    "In lending, we look for track record, inherently the intent to pay, coupled with cash flows rather than relying only on the value of security in assets," says Kalpana Morparia, CEO, JP Morgan India.

  • BT-KPMG study picks India's Best Banks

    Best Foreign Bank in the mid-sized category: Credit Suisse AG, India
    Mihir Doshi, Country Head, Credit Suisse AG  says "We can expand, but I don't think it is needed at the moment. Since the commencement of our bank in 2011, we have been adopting the strategy of growing cautiously. Where there has been an opportunity, we managed to leverage our regional strengths across investment and private banking to grow our business and margins."

  • BT-KPMG study picks India's Best Banks

    Productivity & Efficiency Winner/Small Banks: City Union Bank
    City Union Bank, the South India-based old private sector bank, has taken a number of initiatives to digitise operations. These are now paying rich dividends. As part of the plan, it has installed about 300 bulk note acceptors, expanded the ATM network, upgraded internet banking and introduced mobile banking. "Our first agenda is to increase the use of alternative banking channels. Our initiatives are already yielding good results," says N. Kamakodi, Managing Director and CEO, City Union Bank.

  • BT-KPMG study picks India's Best Banks

    "There is nothing like competition to keep you on your toes," says Paresh Sukthankar, Deputy MD, HDFC Bank.

  • BT-KPMG study picks India's Best Banks

    Pralay Mondal, Senior Group President, YES Bank.

  • BT-KPMG study picks India's Best Banks

    Apart from being cheap, the model creates employment for BCs, who receive commission from the bank for each and every service that they offer," says Rajnish Kumar, Managing Director (National Banking Group), SBI.

  • BT-KPMG study picks India's Best Banks

    Most Improved Bank: YES Bank
    YES Bank MD and CEO Rana Kapoor is quite sanguine about the future as he plans to increase the retail banking pie one step at a time.

  • BT-KPMG study picks India's Best Banks

    Large Foreign Banks (Growth): Deutsche Bank
    Ravneet Gill, the CEO of Deutsche Bank India and the man who delivered the outstanding performance, attributes it to a multi-pronged strategy - focusing on the right client segment and product suite, risk management and cost discipline.

  • BT-KPMG study picks India's Best Banks

    Most Future-ready Bank: Kotak Mahindra Bank
    "We are right now going through the pangs of integration. I think the biggest challenge lies in IT and people integration," admits Uday Kotak, Executive Vice Chairman and MD of the bank. The ING merger has contributed significantly to its SME, crop loan, foreign exchange and MNC client portfolio

  • BT-KPMG study picks India's Best Banks

    Small banks/ Growth/ Quality of assets: RBL Bank
    Vishwavir Ahuja, the Managing Director and CEO of Kolhapur-based RBL Bank, has big plans for the next few months. The 55-year-old would roll out Vision 2020 for accelerating growth. He is also getting the bank ready for its initial public offering, or IPO, this year.The bank is looking to grow 10 per cent above the industry average.

  • Productivity & Efficiency Winner/ Mid-Sized Banks: United Bank of India 
    "We are monitoring the situation in such a way to ensure that slippages come down," says P. Srinivas, MD and CEO, UBI on NPAs. NPAs have already come down to 8.9 per cent in September 2015 from 10.78 per cent in September 2014.

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