Reddy, Puri & SBI win top FE Best Banks awards

Feb 19 2013, 00:36 IST
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SummaryThe FE Best Banks Awards have always feted the best in the world of finance. This time around, former central bank governor and current chairman of the Fourteenth Finance Commission, Yaga Venugopal Reddy has been conferred with the Lifetime Achievement Award for his achievements as a central banker.

for its work. Apart from strengthening the branch network – 273 branches and another 553 ATMs were set up in rural areas in 2010-11 – the bank also created around 8,000 customer service points taking the tally around 21,000. SBI has its own proprietary Management Information System for dealing with Business Correspondents – 60,000 of them. Indeed, SBI stands out both in scale and style, having launched SBI ‘Tatkal” a scheme that targets the urban poor. The USP of this initiative is that customers can transfer money to their families in their native towns and villages without actually opening an account.

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