FE Best Bank Awards: A toast to the best and the brightest banks
Over the next couple of years, the bank plans to roll out more branches in semi-urban and rural locations, a move that would help with business growth. Currently, less than a fourth of the bank’s branches are located in these areas and moreover, most outlets are in southern India. As such, Corporation Bank will focus on making its operations more pan-Indian with a bigger presence in states like Uttar Pradesh, Rajasthan, Gujarat and Punjab. The bank also plans to cater more to SME customers by customising its products.
New private SECTOR BANK
Kotak mahindra bank
Runner-up
Uday kotak,
VC & MD, Kotak Mahindra Bank
Kotak Mahindra Bank (KMB) has a diverse business model and its defensive loan portfolio, with a high share of home and auto loans and relatively lower share of infrastructure loans, makes it well positioned to manage the credit cycle. The bank has built an integrated business model with a presence across all financial services that leverages the group’s capital market strength. By 2010-11, KMB had reduced its dependence – in terms of profitability – on its investment banking and market-linked business from around 60% in 2007-08 to about 17% in 2010-11. A stable and top-class management team, which has stayed on for over a decade, has ensured that the bank is able to cash in on opportunities.
Old private SECTOR BANK
Karur vysya bank
Runner-up
V VENKATARAMAN,
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
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