over a decade, has ensured that the bank is able to cash in on opportunities.
Old private SECTOR BANK
Karur vysya bank
MD & CEO, Karur Vysya Bank
At a time when most banks boasted of scorching growth numbers but compromised on stability, Karur Vysya Bank (KVB) opted for a policy of cautious expansion. The bank’s assets have grown by over 60% between 2008-09 and 2010-11 but its bad loans shrunk to 0.07% from 0.25%. Predominantly catering to southern India, KVB now aims to become a pan-Indian bank by expanding its branch network in other states. The bank recently kick- started its next phase of growth based on a three-pronged strategy which looks to transform the organisational approach, business segmentation and in-bank customer experience.
Former MD & CEO, Deutsche Bank
In a challenging environment, Deutsche Bank leveraged its traditional strengths in the equity and debt capital markets, both at home and overseas markets to make reasonably good profits with fees contributing in a big way. Deutsche Bank has attempted to enhance cross-sell of products across all businesses and deepen the coverage for corporates and institutional clients. The bank is looking to expand its retail footprint in the country and increase its focus on the SME segment. And towards this end, it will expand the branch network moving into cities like Surat and Ahmedabad. In the wealth management space, the bank plans to focus on the ultra-HNI segment.
Award for initiative (Financial Inclusion)
State bank of india
State Bank of India (SBI) opened 273 branches and another 553 ATMs in rural areas in 2010-11.The bank also added around 8,000 customer service points (CSPs) in rural areas taking the outstanding tie-ups with agencies like ALW and FINO to 20,763. While other banks may have spread to the hinterland too, SBI has also built its own management information system (MIS) for dealing with about 60,000 business correspondents and business facilitators. Thanks to its own proprietary software, the MIS, the bank’s transactions have not only become very secure and transparent, but also saves on costs as it does not need to pay third-party service providers. The cost