Business Today

How We Did It

The banking sector saw large scale CEO exits in 2018/19 because of governance and performance issues. Asset quality continued to play havoc with banks' profitability, capital and net worth. Business Today KPMG kicked off the annual exercise to select the country's best banks and fintech players some six months ago.

The process started with knowledge partner KPMG analysing annual reports and reaching out to banks and fintech players for qualitative inputs. The qualitative awards are based on nominations and data provided by banks and fintech players.

The second step was putting the data and qualitative inputs before a jury. The choice of winners put before the jury was based on banks that nominated themselves. A few banks didn't participate.

The jury comprised professionals from the industry. A.K. Khandelwal, who headed Bank of Baroda and later went on to become a member of the Banks Board Bureau, brought

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