At the 27th edition of the BT-KPMG Best Banks & Fintechs Awards, held in Mumbai on Friday, leading private sector lender ICICI Bank received the ‘Bank of the Year’ award, while national lender State Bank of India became the first recipient of the ‘Special Jury Award for Consistent Transformation’.
The 27th edition of the BT-KPMG Best Banks & Fintechs Awards saw thirteen winners – five quantitative awards and eight jury awards – honoured by Union Minister for Road Transport and Highways Nitin Gadkari, K V Kamath, Chairperson of the National Bank for Infrastructure Financing and Development, and Aroon Purie, Group Chairman and Editor-In-Chief of India Today.
ICICI Bank also received the award for ‘Best Bank in Innovation,’ while public sector lender Bank of Baroda received both the ‘Best Bank in Fintech Initiative’ and the ‘Best Bank in Talent & Workforce’.
Online payments gateway PayU was adjudged the ‘Best Fintech in Payments’, while SaaS-based B2B fintech software company Perfios won the award for ‘Best Fintech in Value Added Services’.
The country’s largest private lender, HDFC Bank, was named Best Large Indian Bank, Bank of Maharashtra was named Best Mid-sized Indian Bank, and Tamilnad Mercantile Bank was named Best Small Indian Bank. JP Morgan India won the ‘Best Large Foreign Bank’ award, while AU Small Finance Bank won the ‘Best Small Finance Bank’ award.
Arundhati Bhattacharya, former chairperson of the State Bank of India, was also honoured with the prestigious ‘Lifetime Achievement Award’. The Business Today Best Banks Awards are the most coveted in the industry because they combine quantitative rankings based on the most comprehensive set of parameters with qualitative rankings based on bank inputs evaluated by a distinguished jury panel.
K.V. Kamath, Chairperson of the National Bank for Infrastructure Financing and Development, presided over the jury. Arun Kumar Purwar, former chairman of State Bank of India; Alice G Vaidyan, former chairman and managing director of GIC Re; A P Hota, former MD& CEO of NPCI Ltd; and Avinash Gupta, MD& CEO of Dun & Bradstreet were also members.
The ceremony concluded a day-long Business Today Banking & Economy summit that saw the best minds in the economy, banking, and financial markets debate and discuss the future course of the domestic economy in the face of global headwinds, the role of banks and non-banks, digitisation, and sustainable finance challenges.
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