Finance Minister Nirmala Sitharaman would be the chief visitor on the FE Best Banks Awards to be held in Mumbai on Friday. She will preside over the perform to be attended by stalwarts from the company and monetary sectors.
With the financial system having bounced again after a few tough years, the temper in India Inc is upbeat. The FM’s views on the subsequent plan of action could be keenly awaited. Sitharaman rolled out fairly a couple of measures throughout Covid to jump-start the financial system and these didn’t simply assist smaller models survive the disruption but in addition ensured that stress within the monetary system is contained. Indeed, the monetary sector seems to have weathered the storm; most steadiness sheets are well-capitalised and lenders at the moment are wanting ahead to a revival within the demand for credit score.
The FE Best Banks Awards will honour standout performances throughout banks, NBFCs, SFBs and fintechs underneath difficult circumstances. The awards may even have fun the success of people who’ve confirmed that they’re a lower above the remainder and might tackle any problem. Keki Mistry, vice-chairman & CEO, HDFC, has received the Lifetime Achievement Award for his stellar contribution to mortgage finance. While Padmaja Chunduru, former MD & CEO, Indian Bank, has received the Banker of the Year award for 2019-20, the winner for 2020-21 is Sandeep Bakhshi, MD & CEO, ICICI Bank. Both exhibited exemplary management abilities in tough conditions.
All winners have been picked by an unbiased jury, chaired by S Ramadorai, former vice-chairman, TCS, and comprising R Shankar Raman, director, L&T; Amit Chandra, chairman, Bain Capital; Biswamohan Mahapatra, former ED, RBI and chairman, NPCI; Sharad Sharma, founder, iSPIRT; and Amit Tandon, MD, IiAS. FE
