Cover Story
- Digitisation and proposed ARC for bad loans and development financial institution will help the banking industry reboot. The 25th edition of the BT-KPMG Best Bank Study brings you future ready banks and Fintechs
Ant Group CEO Simon Hu resigns due to personal reasons
Hu's exit comes at a time when Ant Group is working on plans to shift to a financial holding company structure following regulatory pressure to subject it to rules and capital requirements similar to those for banks.
Finding Physics
"I used to take special permission to go to the IIT Delhi library to read research papers," says Amit Sharma, Founder and CEO of ShopX "Golf is a long game, and so is business. You always need to think long-term. It also teaches you not to get frustrated and have patience," says Ravinder Takkar, MD and CEO, Vodafone Idea "A well-rounded personality makes for a happier life than a zealous pursuit of one's professional career," says N.K. Singh, Chairman of the 15th Finance Commission
Game Changer
After building India's second-largest bank, Aditya Puri is set to impact other sectors Five-year-old Bandhan Bank has expanded its loan book across housing, personal and gold loans in under-served and unbanked geographies Bank of America won by focusing on large Indian firms and multinationalsTechnology Will Be the Deciding Factor
Banks' ability to transform themselves with speed and agility to survive the next revolution will determine the winners and losers A push for products that consume less capital has helped Federal Bank build a rock-steady institution HDFC Bank refused to compromise on profitability and tapped semi-urban and rural markets to emerge far ahead of rivals The methodology behind the BT-KPMG Best Banks Survey 2020 Focus on operating profit and building a low-cost franchise have helped the country's second-largest private bank claim the top position Travel-focussed payment solutions firm PayMate hit a roadblock post Covid-19, but focus on other areas such as invoice discounting helped in damage control Rapid digitisation and scaling up of non-banking businesses, from cards to insurance and MFs to YONO, have helped SBI transform itself Laser-sharp focus on asset quality helps Utkarsh maintain lead over others From digitising employee benefits to powering Fintechs and neo-banks to providing seamless digital services, Zeta has been upping its game
Banking's Soul-search
If the Indian economy has to accelerate to rapid growth, the Rs 180-lakh-crore banking industry will have to play a pivotal role. But, for that, its loan book will have to expand multi-fold
Business Leaders of Tamil Nadu
Business Today awards in Chennai saw Tamil Nadu CM Edappadi K. Palaniswami announce investments worth Rs 10 lakh crore, creating employment opportunities for 20 lakh people over next four years
