Ratnakar Bank, DBS Bank, Yes Bank, HDFC Bank & ING Vysya Bank are in race for the coveted India’s Most Valuable Private Bank of the year 2014 at 5th Annual India Leadership Conclave & Indian Affairs Business Leadership Awards 2014
Ratnakar Bank, DBS Bank, Yes Bank, HDFC Bank & ING Vysya Bank are in race for the coveted India’s Most Valuable Private Bank of the year 2014 at 5th Annual India Leadership Conclave & Indian Affairs Business Leadership Awards 2014
In what is perceived to be a change catalyst or a game changer, illustrious Network 7 Media Group’s ( www.network7mediagroup.in ) Indian Affairs Media outfit (www.indianaffairs.tv ), Asia’s biggest analytical news media will be hosting the much awaited annual affair in its 5th year, the 5th Annual India Leadership Conclave & Indian Affairs Business Leadership Awards 2014 ( www.ilc2014.in )in the commercial capital of india in Mumbai on Friday, 18th July 2014 under a powerful theme on “Progress or Perish” to be debated, analyzed & addressed by Asia’s most promising voices & industry stalwarts on a variety of subjects ranging from politics to cultural, economics to social. After being highly successful in last 4 editions, the much awaited India Leadership Conclave 2014 is expected to be be attended by more than 250 business tycoons, political leaders, policy makers, social reformers, diplomats, media professionals followed by the Indian Affairs Indian of the year Awards in various categories in addition to regular categories thrown to public for voting with a credible nomination methodology.
India’s Most Valuable Private Bank.
Nominees
1. Ratnakar Bank. ( Code 41)
2. DBS Bank. ( Code 42)
3. Yes Bank. ( Code 43)
4. HDFC Bank. ( Code 44)
5. ING Vysya Bank. ( Code 45)
1. Ratnakar Bank
RBL Bank Ltd. operates as a scheduled commercial bank in India. The bank operates through four segments: Corporate/Wholesale Banking, Retail Banking, Treasury, and Other Banking Operations. Its deposit products include savings accounts, current accounts, and fixed deposits. The bank offers home loans, car loans, and loans against property offered to salaried individuals, self-employed professionals, and businessmen; loans to clients in the manufacturing, trading, and service sectors; integrated financial solutions to supply and distribution channels, including dealer/distributor finance and vendor finance; commercial vehicle funding; arthia finance to commission agents; and cash credit, short term loans, term loans, working capital demand loans, structured finance, and trade finance offered to small or medium businesses. It also offers life and general insurance products, investment services, lockers, bank assurance, and convenience banking services, as well as undertakes various financial market activities on behalf of its customers. In addition, the company offers corporate and institutional banking products and services, which include cash credit, term loans, trade finance, transaction banking and cash management, corporate salary accounts and employee banking, supply chain financing solutions, structured finance, and FX and fixed income products to businesses, financial institutions, government boards and departments, etc. Further, it offers agri banking products, including microloans, remittances, micro-insurance, etc. to various constituents of agri value chain ranging from the farm to the retailer, small and marginal farmers, low income salaried and self employed individuals in rural and urban areas, and micro-enterprises engaged in services and manufacturing sectors. The company operates through 130 branches and 184 ATMs. The company, formerly known as The Ratnakar Bank Limited, was founded in 1943 and is based in Kolhapur, India.
DBS Bank
Deutsche Bank established its first branch in India in 1980. Currently, it has over 7,800 employees in the country, operating branches in 15 cities. Building on its dominant global markets and leading transaction banking franchises, and with over 500,000 individual customers, Deutsche Bank is a fully integrated financial services provider to Indian corporate, institutional and individual clients. DBS Group Holdings Ltd is an investment holding company that operates through its main subsidiary, DBS Bank Ltd (the Bank). The Bank is engaged in the provision of retail, small and medium-sized enterprise, corporate and investment banking services. The Company’s financial businesses are organized into four segments: consumer Banking/Wealth Management, institutional banking, treasury and others. Consumer Banking/Wealth Management provides individual customers with a range of banking and related financial services. Institutional Banking provides financial services and products to institutional clients, including bank and non bank financial institutions, government linked companies, large corporates and small and medium-sized businesses. Treasury provides treasury services to corporations, institutional and private investors, financial institutions and other market participants. Others encompass a range of activities from corporate decisions. Deutsche Bank in India is a fully integrated financial services provider to Indian corporate, institutional and individual clients. Our services include on-shore investment banking, institutional equities broking, asset and private wealth management, retail banking and business processes outsourcing.
Yes Bank
Yes Bank Ltd is engaged in providing a range of banking and financial services. The Bank operates in four segments: Treasury, Corporate / Wholesale Banking, Retail Banking and Other Banking Operations. The Treasury segment includes investments, all financial markets activities undertaken on behalf of the Bank’s customers, trading, maintenance of reserve requirements and resource mobilization from other Banks and financial institutions. The Corporate / Wholesale Banking segment includes lending, deposit taking and other services offered to corporate customers. The Retail Banking segment includes lending, deposit taking and other services offered to retail customers. The Other Banking Operations segment includes para banking activities, such as third-party product distribution and merchant banking. Yes Bank Ltd was incorporated on November 21, 2003. The company was founded by Rana Kapoor. The Bank obtained their certificate of commencement of business on January 21, 2004. In the year 2005, they forayed into retail banking with launch of International Gold and Silver debit card in partnership with MasterCard International. In June 2005, they came out with the public issue and their shares were listed on the stock exchanges. In December 2005, the Bank bagged Corporate Dossier award from Economic Times. In the year 2006, the Bank received Financial Express Awards for India’s Best Banks. In April 2007, they made a tie-up with the Agriculture Insurance Company of India (AIC). The Bank was ranked as the No 1 Emerging Markets Sustainable Bank of the Year-Asia at the FT/IFC Washington Sustainable Banking Awards, 2008 in London. The Bank was ranked as the No 1 Bank in the Business Today-KPMG Best Banks Annual Survey, 2008. During the year 2008-09, the Bank opened 50 new branches and 18 new off-site ATMs. During the year 2009-10, the Bank opened 33 new branches. They opened 64 Branches during the year 2010-11. As of March 31, 2011, they operated 214 branches across 164 cities in India, and approximately 250 automated teller machines (ATMs). At the beginning of Financial Year 2010-11, the Bank embarked on an ambitious journey into the next phase of growth and launched YES BANK – VERSION 2.0, Building the Best Quality Bank of the World in India. Version 2.0 is clearly the most stimulating phase in the life cycle of YES BANK with a vision of establishing 750 branches, 3000 ATMs, 12,000 employees, Rs 125,000 Cr. Deposit base, Rs 100,000 Cr. Loan book and a Rs 150,000 Cr. Balance Sheet size by 2015.
HDFC Bank
HDFC Bank Ltd is a major Indian financial services company based in Mumbai. The Bank is a publicly held banking company engaged in providing a wide range of banking and financial services including commercial banking and treasury operations. The Bank at present has an enviable network of 2201 branches and 7110 ATMs spread in 996 cities across India. They also have one overseas wholesale banking branch in Bahrain, a branch in Hong Kong and two representative offices in UAE and Kenya. The Bank has two subsidiary companies, namely HDFC Securities Ltd and HDB Financial Services Ltd. The Bank has three primary business segments, namely banking, wholesale banking and treasury. The retail banking segment serves retail customers through a branch network and other delivery channels. This segment raises deposits from customers and makes loans and provides other services with the help of specialist product groups to such customers. The wholesale banking segment provides loans, non-fund facilities and transaction services to corporate, public sector units, government bodies, financial institutions and medium-scale enterprises. The treasury segment includes net interest earnings on investments portfolio of the Bank. The Bank’s ATM network can be accessed by all domestic and international Visa/MasterCard, Visa Electron/Maestro, Plus/Cirrus and American Express Credit/Charge cardholders. The Bank’s shares are listed on the Bombay Stock Exchange Limited and The National Stock Exchange of India Ltd. The Bank’s American Depository Shares (ADS) are listed on the New York Stock Exchange (NYSE) and the Bank’s Global Depository Receipts (GDRs) are listed on Luxembourg Stock Exchange. HDFC Bank Ltd Was incorporated on August 30, 1994 by Housing Development Finance Corporation Ltd. In the year 1994, Housing Development Finance Corporation Ltd was amongst the first to receive an ‘in principle’ approval from the Reserve Bank of India to set up a bank in the private sector, as part of the RBI’s liberalization of the Indian Banking Industry. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995. In the year 1996, the Bank was appointed as the clearing bank by the NSCCL. In the year 1997, the launched retail investment advisory services. In the year 1998, they launched their first retail lending product, Loans against Shares. In the year 1999, the Bank launched online, real-time NetBanking. In February 2000, Times Bank Ltd, owned by Bennett, Coleman & Co. / Times Group amalgamated with the Bank Ltd. This was the first merger of two private banks in India. The Bank was the first Bank to launch an International Debit Card in association with VISA (Visa Electron). In the year 2001, they started their Credit Card business. Also, they became the first private sector bank to be authorized by the Central Board of Direct Taxes (CBDT) as well as the RBI to accept direct taxes. During the year, the Bank made a strategic tie-up with a Bangalore-based business solutions software developer, Tally Solutions Pvt Ltd for developing and offering products and services facilitating on-line accounting and banking services to SMEs. During the year 2001-02 the bank was listed on the New York Stock Exchange. Also, they made the alliance with LIC for providing online payment of insurance premium to the customers. During the year 2002-03, the Bank increased the number of branches from 171 Nos to 231 Nos and the size of the Bank’s ATM network expanded from 479 Nos to 732 Nos. They also expanded their presence in the ‘merchant acquiring’ business. During the year 2003-04, the Bank expanded the distribution network with the number of branches increased from 231 Nos to 312 Nos and the size of the Bank’s ATM network increased from 732 Nos to 910 Nos. In September 2003, they entered the housing loan business through an arrangement with HDFC Ltd, whereby they sell HDFC Home Loan product. During the year 2004-05, the Bank expanded the distribution network with the number of branches increased from 312 Nos to 467 Nos and the size of the Bank’s ATM network increased from 910 Nos to 1147 Nos. During the year 2005-06, the Bank launched the ‘no-frills account’, a basic savings account offering to the customer. Also, the distribution network was expanded with the number of branches increased from 467 Nos (in 211 cities) to 535 Nos (in 228 cities) and the number of ATMs from 1147 Nos to 1323 Nos. During the year 2006-07, the distribution network was expanded with the number of branches increased from 535 Nos (in 228 cities) to 684 Nos (in 316 cities) and the number of ATMs from 1323 Nos to 1605 Nos. They commenced direct lending to Self Help Groups. Also, they opened a dedicated branch for lending to SHGs, in Thudiyalur village (Tamil Nadu). In September 28, 2005, the Bank increased their stake in HDFC Securities Ltd from 29.5% to 55%. Consequently, HDFC Securities Ltd became a subsidiary of the Bank. During the year 2007-08, the Bank added 77 Nos new branches take the total to 761 Nos branches. Also, 372 Nos new ATMs were also added taking the size of the ATM network from 1605 Nos to 1977 Nos. HDB Financial Services Ltd became a subsidiary company with effect from August 31, 2007. In June 2, 2007, the Bank opened 19 branches in a day in Delhi and the National Capital Region (NCR). During the year 2008-09, the Bank expanded their distribution network from 761 branches in 327 cities to 1,412 branches in 528 Indian cities. The Bank’s ATMs increased from 1,977 to 3,295 during the year. As per the scheme of amalgamation, Centurion Bank of Punjab Ltd was amalgamated with the Bank with effect from May 23, 2008. The appointed date for the merger was April 01, 2008. In October 2008, the bank opened their first overseas commercial branch in Bahrain. The branch offers the bank’s suite of banking services including treasury and trade finance products for corporate clients and wealth management products for Non-resident Indians. During the year 2009-10, the Bank expanded their distribution network from 1,412 branches in 528 cities to 1,725 branches in 779 cities. The Bank’s ATMs increased from 3,295 Nos to 4,232 Nos during the year. During the year 2010-11, the Bank expanded their distribution network from 1,725 branches in 779 cities to 1,986 branches in 996 Indian cities. The Bank’s ATMs increased from 4,232 to 5,471 Nos.
ING Vysya Bank
ING Vysya Bank Ltd is the prominent Bank in India, formed with the Vysya Bank Ltd, a premier bank in the Indian Private Sector and ING Group, a global financial powerhouse of Dutch origin, in the year 2002. With their core Banking Solution, IT oriented products and focused Retail Banking and Wholesale Banking Services, the Bank aims for sustainable growth to benefit all the stakeholders, clients, employees and society at large. The Bank was originally incorporated on March 29, 1930 as The Vysya Bank Ltd. In the year 1948, the Bank acquired the status of Scheduled Bank. Since then the Bank has grown in size and stature and has reached the coveted position of number one private sector bank in India. Since then the Bank has grown in size and stature and has carved a distinct identity of being India’s Premier Private Sector Bank. Subsequent to acquisition of stake in the Bank by ING Group NV in August 2002, the name of the Bank was changed from Vysya Bank Ltd to ING Vysya Bank Ltd. In the year 1987, the Bank incorporated the Vysya Bank Leasing Ltd for leasing and merchant banking activities along with Karur Vysya Bank Ltd. In the year 1990, they incorporated Vysya Bank Housing Finance Ltd for housing finance activities. In the year 1996, the Bank signed a Strategic Alliance with BBL. In March 2000, The Vysya Leasing Ltd became the wholly owned subsidiary of the Bank and in November 2000, they opened data center at Information Technology Park Ltd, Bangalore. In the year 2001, the Bank along with ING Group promoted a joint venture company called ING Vysya Life Insurance Company Pvt Ltd for undertaking life insurance business throughout India. In the year 2002, the Bank launched a range of products & services like the Vys Vyapar Plus, the range of loan schemes for traders, ATM services, Smartserv, personal assistant service, Save & Secure, an account that provides accident hospitalization and insurance cover, Sambandh, the International Debit Card and the mi-b@nk net banking service. ING takes over the Management of the Bank from October 7, 2002 and the name of the Bank was changed from The Vysya Bank Ltd to ING Vysya Bank Ltd with effect from December 7, 2002. During the year 2003-04, the wholly owned subsidiary of the Bank, Vysya Bank Financial Services Ltd commenced the distribution of various financial products such as insurance products, mutual funds etc. The name of the company was changed to ING Vysya Financial Services Ltd. Also, they introduced customer friendly products like Orange Savings, Orange Current and Protected Home Loans. In July 2003, the Bank divested their entire stake in Vysya Bank Housing Finance Ltd to Dewan Housing Finance Ltd for Rs 23.20 crore. In September 2003, the bank issued Tier II Bonds (second series) aggregating to Rs 200 crore at a competitive coupon rate of 6.25%. During the year 2005-06, the company divested their entire stake of 14.87% in ING Vysya Life Insurance Company Pvt Ltd to Gujarat Ambuja Cements Ltd. In April 2007, the Bank sold their entire shareholding of 9930000 shares in Investment Management (India) Pvt Ltd. During the year 2007-08, the Retail Branch Banking business launched a slew of products to provide clients with enhanced solutions to meet their financial needs besides the traditional deposit products. ING Bank N V is investing in the Tier I issue of ING Vysya Bank Ltd, by way of Innovative Perpetual Bonds (IPDs) in foreign currency for an amount of Rs 94.50 crore with a call option at the end of 10 years.
The result for the coveted India’s Most Valuable Private Bank 2014 will be presented on 18th July 2014 in a power packed glittering award ceremony
