FE Best Bank Awards: A toast to the best and the brightest banks

Feb 20 2013, 09:53 IST
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FE Best Bank Awards: A toast to the best and the brightest banks. FE Best Bank Awards: A toast to the best and the brightest banks.
SummaryBank of Baroda has managed to double its business every three years.

customers. The bank has rebuilt its retail loan portfolio in the last couple of years, especially the mortgages piece, while exploring tie-ups to grow the credit card portfolio. HSBC believes the current model will help it grow the business at a more sustainable pace, while it explores inorganic options. It is also leveraging its strengths in the loan syndication and foreign exchange businesses to grow the corporate loan portfolio.


Corporation bank


Ajay kumar,

CMD, Corporation Bank

Mangalore-headquartered Corporation Bank has been growing its loan book by about 25% in each of the last three years but has still reported stable operating margins. 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


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



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

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