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Cover story | December 26, 2010

India's best banks

India's best banks

The BT-KPMG study of the strongest, fastest growing and most efficient banks.

Axis tops Best Bank heap again

Unswerving growth in loans, fee income and mobilisation of low-cost deposits propel Axis Bank to top our list of best banks once again.

PSUs dominate Best Banks list

Public sector banks dominate the best banks rankings, with a clutch of them making big gains.

A tale of derring duo

Kotak Bank and YES Bank started about the same time and are growing smartly - but with distinct strategies.

'Banking' on innovation

Performance-linked compensation is a significant step for an old private sector bank to achieve - not because it is rocket science but because it calls for reorienting employee mindsets to the new realities of the marketplace. Some of India's oldest banks are thus beefing up their top brass with MNC talent in a bid to stay competitive.

Banking on non-banks

A non-banking finance company may be almost like a bank, but can it be remodelled into one?

Small is beautiful - or is it?

Smaller foreign banks seem to have reconciled themselves to becoming niche players.

Hidden treasure

Foreign banks have a substantial part of their operations locked in their non-banking arms.

Two and a half cheers for boring banking

Indian banks stand tall in a world still recovering from a global credit crisis, but now may also be the time to push the envelope.

Bankerspeak

Quick takes from the CEOs of some of India's most respected banks.

Top 10 Best Banks

The top rankers since the inception of the listing.

Methodology: How we did it

The data for the study is based on the published annual reports of banks and the Reserve Bank of India's publication

December 26, 2010

Money

A paltry price for protection

Your life is not cheap, but term policies are. They make the best sense if you are looking for peace of mind.

Special

Bharat goes shopping

The rapid income expansion in small towns and villages is pushing retailers to tap opportunities away from the big cities.

The kirana whiplash

Local retailers in Alwar, Rajasthan, are fighting Big Retail and have lessons for their kirana brethren elsewhere.

Specialty brandwagon

Brands set up their own retail outlets as they make a beeline for the aspirational small towner.

Rural retail: To touch $25 bn by 2020

The rural Indian economy, growing at 8-10 per cent every year, will be adding $90-100 billion of new consumption in the next five years, over the current base of $240-250 billion.

Editor's Note

From the Editor: December 26, 2010

The good news is that India's banks are trying to achieve more of that financial inclusion, and that they have grown quietly and steadily even during - and despite - the global meltdown.

Deal Watch

BT-Ernst & Young Deal Watch

Energy and environment solutions provider Thermax acquired Danish boiler and waste heat recovery systems maker Danstoker A/S and its German subsidiary Omnical Kessel for Rs 187 crore ($41.4 million).

Book

Another go-rural message

The book is a drab rendering of an exciting story, says Shamni Pande.

People

People Business

Starring Montek Singh Ahluwalia, Deputy Chairman, Planning Commission; R.H. Patil and H. Patil, Jalgaon farmers; Tomasso Cavalli, Promoter, Roberto Cavalli Vodka; Y.V. Reddy, Former RBI Governor; Prasoon Joshi, Executive Chairman, McCann Erickson Worldgroup India; Anshul Singhal, President, Commercial, JSW Severfield Structures

Leadership Spotlight

Leaderspeak with Uday Shankar

The CEO of STAR India Uday Shankar talks about what works for him.

Features

Corporate fraud: The enemy within

The fastest expanding business in the Indian accounting fraternity revolves around fraud. Fraud is ballooning so fast in corporate India that audit firms cannot keep pace.

Scam around the corner

The loans scam grabbed eyeballs in late Nov as the CBI arrested officers of banks and housing finance companies. But the more disturbing instances that have come to light are of companies raising deposits claiming approval from one regulator or the other.

DMK: Family Incorporated

This is about the first family of the DMK, the ruling party in Tamil Nadu, which grabbed eyeballs because of the alleged involvement of one of its ministers in the Union Govt in the 2G scam.

Scrabbling away from the abyss

Nitish Kumar's victory in last month's Bihar election celebrates the triumph of economics over feudalism, but the climb out of poverty will be steep and hard.

Priming a difficult market

After winning in premium pumps, Grundfos is ready for the value-for-money segment. Replicating its success will be tough.

Columns

So far so good

Industrial growth will moderate but the economic recovery will now be driven by agriculture and services.

Jobs

Look ma, no clock

More firms adopt flexible work hours to secure talent and improve productivity but mindsets remain the challenge.

Letters

Reader's forum

Pester Power (BT cover, December 12) is a vivid account of the consumerist culture casting its spell on our children and teenagers.

Technology

Review

This issue we review Samsung's answer camera to the iPad and the new Apple notebook

Navigating India

The first cars with factory-fitted navigation systems are available.

Utility

A bulb of sound

Speakers screwed into a bulb holder and connected without wires. Welcome to 3D sound courtesy Snap Networks.

The brand called you

Talent is fine, but articulating your achievements is vital.

Focus

Fixing corruption

Systemic corruption in India can be fixed by making public servants accountable, argues Nagarajan Vittal.

Cash in on limited liability

It was one of the important policy initiatives of the United Progressive Alliance government in its first term, particularly for small and medium enterprises or SMEs.

Wordsmith: Tweetup

What it means: Tweetup is an organised or impromptu 'meeting' between people who are on Twitter. Cash in on Limited Liability

Airfares take off

Airfares have dropped after soaring in November but will continue to be volatile a while.

Numbers of note

Rs 2,200 cr The estimated value of online shopping for consumer goods like electronics and chocolates during Diwali, according to Assocham

On record

I wish the government would... stop this sort of Banana Republic kind of attack on whoever one chooses to attack on a basis unsubstantiated.
Ratan Tata, Chairman, Tata Group, on the 2G spectrum scam, in The Indian Express

Do emerging economies like India need capital controls to check inflows and prevent asset bubbles?

The majority feels that there is need for capital controls to regulate inflows. Some economists feel that the monetary easing in the United States could cause "imported" inflation in developing countries like India. Already, Brazil and Taiwan have imposed controls.

Big bets on the World Cup

India Inc gears up for heavy-duty brand promotions.

The Indian FMCG boom

India's economic resurgence, it is said, is driven by domestic consumption. Look at the fast-moving consumer goods (FMCG) industry, which has more than trebled in the last decade to Rs 1,300 billion, according to a study by the CII. The relative underpenetration of FMCG products, though, shows that the Indian consumption story is still in its early stages.

Tata's Rs 1-lakh car

Building a car for Rs 1 lakh, or even about, is much harder than it is romantic. For, everything about the car must be worked backwards from the self-set price target.

5 steps to here

A chronology of events in mobile number portability roll-out.

'Our strategy is based on market leadership'

Jim Quigley, CEO of Deloitte Touche Tohmatsu, one of the global Big Four accounting firms, spoke to BT's Suman Layak during his recent India sojourn. Edited Excerpts:

Etcetera

Jetpacks are back in the news with Time magazine ranking Kiwi inventor Glenn Martin's jetpack as among the best inventions of 2010.

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