It takes a lot to win an FE Best Banks Award
The older private sector banks too have proved they can be fleet-footed and turn in robust growth. Tamilnad Mercantile Bank (TMB) has been delivering topline and bottomline growth consistently.
“The bank is delighted to have once again been recognised by FE for its responsible and responsive banking culture. This award goes a long way in boosting our confidence that we are on the right track,” says KB Nagendra Murthy, MD & CEO at the bank.
Runner-up Karur Vysya Bank has proved to be a stiff competitor. “It is a great honour to receive the Best Banks award from FE for three consecutive years now. The credit goes to the staff and loyal customers of the bank,” K Venkataraman, MD & CEO, Karur Vysya Bank, says.
Among the criteria that knowledge partner Ernst &Young put banks through for 2010-11, are strength and soundness, growth, efficiency, profitability and credit quality. While Yes bank has won the award for growth, Standard Chartered Bank had been judged the most profitable bank. Deutsche Bank has been judged the winner for both efficiency and credit quality while the award for strength and soundness has gone to HDFC Bank. The FE Best Banks awards have always lauded banks that excel in attributes otherwise difficult to maintain. The tradition continues.
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