Dun& Bradstreet India holds 11th edition of Banking Awards 2017

by Shrutee K/DNS

Mumbai : Dun & Bradstreet, the world’s leading provider of global business information, knowledge and insight organized the 11^th Edition of ‘Banking Awards 2017’. Dun & Bradstreet Banking Award is the most sorts after industry award that recognizes the contribution of the banking sector to India’s economic development. The awards ceremony felicitates India’s top Scheduled Commercial Banks (SCBs) across various categories for their performance and contribution to the Indian banking industry.

Speaking at the event, Mr. Manish Sinha, Managing Director – India, Dun & Bradstreet said, “We are a decade from the start of the banking and financial crisis. A lot has been written about the crisis, and at Dun & Bradstreet, we have added to the published research with our own analyses. Specifically, we have tried to identify the characteristics that were consistent with the banks who weathered the crisis better than others. We found that there were four characteristics: Strong on Governance, well capitalized, Strategic agility, and Simple banking model executed brilliantly. These themes resonate with the Banking Awards winners tonight. I congratulate all the award winners.”

The base universe of the banks considered for the Dun & Bradstreet ‘Banking Awards 2017’ is from among the banks as covered in the ‘Dun & Bradstreet India’s Top Banks 2017’ publication. Dun & Bradstreet’s proprietary quantitative model is based on various parameters such as the size, growth, profitability indicators and other crucial financial aspects was used as the selection parameter. Public sector, Private sector and Foreign banks are identified in each of the following categories for the awards.

1.       Asset Quality

2.       Rural Reach*

3.       Priority Sector Lending*

4.       Global Business Development*         

5.       Retail Banking

6.       Retail Growth Performance*

7.       Technology Adoption*

8.       Overall Best Bank

*Note - These categories include awards for domestic banks only and not applicable to foreign banks. The award winners are finalized on the basis of financial as well as non-financial parameters, mostly quantitative in nature.

Mr. Harun Rashid Khan, Former Deputy Governor, Reserve Bank of India and Mrs. Zarin Daruwala, Chief Executive Officer - India, Standard Chartered Bank and many Business Heads and other senior management personnel from the BFSI sector has graced the event with their esteem presence.

Winners of Dun & Bradstreet Banking Awards 2017

Sr. No.	Award categories 2017	Final Award Winners
1	Best Public Sector Bank - Rural Reach	State Bank of India
2	Best Private Sector Bank - Rural Reach	ICICI Bank Limited
3	Best Public Sector Bank - Priority Sector Lending (Agriculture)	Canara Bank
4	Best Private Sector Bank - Priority Sector Lending (Agriculture)	The South Indian Bank Limited
5	Best Private Sector Bank - Priority Sector Lending (Excluding Agriculture)	The Lakshmi Vilas Bank Limited
6	Best Public Sector Bank - Global Business	State Bank of India
7	Best Public Sector Bank – Retail	State Bank of India
8	Best Private Sector Bank – Retail	HDFC Bank Limited
9	Best Foreign Bank – Retail	Citibank N.A.
10	Best Public Sector Bank - Digital Banking (Mobility)	State Bank of India
11	Best Public Sector Bank - Digital Banking (Online Transactions)	State Bank of India
12	Best Private Sector Bank - Digital Banking (Mobility)	HDFC Bank Limited
13	Best Private Sector Bank - Digital Banking (Online Transactions)	Kotak Mahindra Bank Limited
14	Best Private Sector Bank - Asset Quality	HDFC Bank Limited
15	Best Foreign Bank - Asset Quality	Citibank N.A.
16	Best Public Sector Bank - Overall	State Bank of India
17	Best Private Sector Bank - Overall	HDFC Bank Limited
18	Best Foreign Bank – Overall	Citibank N.A.
19	High Growth Private Sector Bank	RBL Bank Limited
20	Best Public Sector Bank - Government Scheme Participation (PMJDY)	State Bank of India
21	Best Private Sector Bank - Government Scheme Participation (PMJDY)	IndusInd Bank Limited
22	Best Public Sector Bank - Government Scheme Participation (PMMY)	Punjab National Bank
23	Best Private Sector Bank - Government Scheme Participation (PMMY)	Bandhan Bank Limited

About Dun & Bradstreet (D&B):  Dun & Bradstreet (NYSE: DNB) grows the most valuable relationships in business. By uncovering truth and meaning from data, we connect customers with the prospects, suppliers, clients and partners that matter most, and have since 1841. Nearly ninety percent of the Fortune 500 and companies of every size around the world, rely on our data, insights and analytics.

Customers use D&B Risk Management Solutions to mitigate risk, increase cash flow and drive increased profitability; D&B Sales & Marketing Solutions to manage their master data, analyse markets, locate prospects and increase revenue from new and existing customers; D&B Learning & Economic Insights for solution-oriented analysis of strategic economic and business development, professional training, and cutting edge knowledge forums & conferences.

In 2017, D&B featured on the World’s Most Ethical Companies list in the Business Services category by Ethisphere, for the ninth consecutive year. The World’s Most Ethical Companies designation recognizes companies that truly go beyond making statements about doing business “ethically” and translate those words into action. www.dnb.co.in