India Set to Vote Nation’s most Valuable Bank in Public & Private Sector at 3rd Annual India Leadership Conclave 2012

India Set to Vote Nation’s most Valuable Bank in Public & Private Sector at 3rd Annual India Leadership Conclave 2012
Bank of Baroda, SBI, Punjab National Bank, Allahabad Bank are nominees while Yes Bank, Karnataka Bank, ICICI Bank & ING Vysya Bank compete to win the coveted title at Indian Affairs Business Leadership Awards 2012
Maharashtra, Mumbai, India, Saturday,17th March 2012 : In the run up to the coveted title for India’s Most Valuable Bank in both public & Private Sectors at 3rd Annual India Leadership Conclave & Indian Affairs Business Leadership Awards ( www.indialeadershipconclave.net ) to be hosted by india’s first pink magazine ( www.indianaffairs.in ), on Friday, the 6th April 2012 at the IT capital of India, Bengaluru in Hotel Lalit are four major public banks that are eying the coveted honour, India’s Most Valuable Bank in public & Private Sector. While Bank of Baroda, State Bank of India , Punjab National Bank & Allahabad Bank are the nominees for the category of India’s Most Promising & Valuable Bank in Public Sector, private bank majors such as Icici Bank, Yes Bank, Ing Vysya Bank & Karnataka Bank have been declared by the juries for the category of India’s Most Promising & Valuable Bank in Private Sector.
Put to vote in major key sectors of india’s business segments in as many as 30 categories, the race for the Award in public & private sector are eagerly awaited as these banks have performed remarkably well under tough situations amidst many RBI regulations & banking norms. Indian Banking sector as we all know seems to be unaffected from the global financial crises which started from U.S in the last quarter of 2008. Despite the fallout and nationalization of banks across developed economies, banks in India seems to be on the strong fundamental base and seems to be well insulated from the financial turbulence emerging from the western economies. The Indian banking industry is well placed as compare to their banking industries western counterparts which are depending upon government bailout and stimulus packages.
The strong economic growth in the past, low defaulter ratio, absence of complex financial products, regular intervention by central bank, proactive adjustment of monetary policy and so called close banking culture has favored the banking industry in India in recent global financial turmoil.Although there will no impact on the Indian banking system similar to that in west but the banks in India will adopt for more of defensive approach in credit disbursal in coming period. In order to safe guard their interest, banks will follow stringent norms for credit disbursal. There will be more focus on analyzing borrower financial health rather than capability.
Government-owned financial institutions will get capital infusion of $3 billion which is largely seen as insufficient to capitalise state-run banks such as State Bank of India, Punjab National Bank (PNBK.NS), Bank of India (BOI.NS) and Bank of Baroda (BOB.NS). Indian banks will also be under pressure to achieve the target of 5.75 trillion rupees for farm credit, where bad loans are relatively higher.Indian The government played it safe in unveiling its federal budget on Friday, pledging reforms but setting only modest targets for trimming a ballooning fiscal deficit, disappointing investors and sending bond yields surging.
It is widely believed that india’s growth story is linked with the robust banking in india which go hand in hand with economy & business expansions. 3rd Annual Indian Affairs India Leadership Awards is concurrently hosting the debate on Bramd India – The Emergence of Super Power, limitless leadership & limitless possibilities to be addressed by the top veterans of india on Friday 6th April 2012.