IDFC Bank non-executive chairman Rajiv Lall set the ball rolling by arguing that, while the tax cuts were welcome, what was required most was policy certainty/predictability and greater accountability of regulatory agencies.
The government is taking several steps to boost confidence, the tax cuts being the latest. But, as our panel points out, the costs and risks of doing business must be urgently addressed. The issue of financing both debt, and equity is also quite real
The Lifetime Achievement award for 2017-18 was won by Romesh Sobti, MD & CEO, IndusInd Bank.
Assessing the business models and the sustainability of hundreds of fintechs can be very challenging, especially in the absence of reliable information and data.
Kotak Mahindra Bank won the award for the best savings bank product — for the second straight year. With an interest rate of 6%, the bank’s savings deposits have grown at a compounded 38-40% over the last seven years.
But since he couldn’t launch one, he came up with the EMI card which today is a franchise with 16.5 million customers; in 2018-19, the EMI card contributed about 60% of the loans.
For 2017-18, the members felt Bajaj Finance was the deserving candidate at a time when the sector has been going through severe stress.
The evening kicked off with a stimulating debate on whether the digital banking system will destroy traditional banking models, moderated by FE managing editor Sunil Jain.
FE Best Banks Awards, India’s most prestigious financial sector awards, concluded Thursday as former ICICI Bank chairman Narayanan Vaghul honoured the eminent bankers and financial services firms.
FE Best Banks Awards: A high-powered jury chaired by former TCS chairman S Ramadorai has chosen the winners for the prestigious awards.
Narayanan Vaghul, former ICICI Bank chairman, will present India’s most prestigious financial sector awards — FE Best Banks awards — in the country’s financial capital on Thursday.
They don’t make them like Arundhati Bhattacharya any more. A public sector CEO with the confidence to say no with the full knowledge it might cost her the job.