INDIA’S BEST BANKS

Business Today, with an eminent jury from diverse backgrounds, selected banks that flourished despite the odds. We raise a toast to those that are the best in class

T he ‘Best Banks’ study identifies institutions that have flourished despite the odds. The four-member jury panel selected the winners for the Bank of the Year (both public and private sectors), Banker of the Year, Digital Banking and Financial Inclusion. The eminent jury came from diverse backgrounds. M.D. Mallya, former chairman and Managing Director of Bank of Baroda, represented the banking side. Alok Agarwal, Chief Financial Official at Reliance Industries, brought in the voice of the industry, which works very closely with banks. Vimal Bhandari, Chief Executive Officer and Managing Director of Indostar Capital Finance, provided his insights as a financial services expert. Ramaswamy Venkatachalam, Managing Director (India and South Asia) at FIS, brought the inside view on scalability of technology innovations. The BT-KPMG study selected the winners based on quantitative analysis. QUANTITATIVE RANKINGS For the rankings based on pure financial performance, the data was taken from published annual reports of the banks for the period 2012/13 to 2015/16. The survey covers 59 scheduled commercial banks that had annual reports published in the public domain or provided their annual reports at the time of conducting the survey prior to Octo-