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Thursday May 15, 05:43 PM
Banknet’s Survey Ranks Risk Management and Customer Centricity as the Top Challenges |
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Mumbai, Maharashtra, India, Thursday, May 15, 2008 -- (Business Wire India) -- Banknet’s Financial Sector Survey 2008 ranks Risk Management and Customer Centricity and Management as the top challenges that need to be addressed. These top two priorities have been closely followed by Basel II.
Announcing the findings at Banknet’s Fourth Annual CTO- CXO Summit on 15th May 2008, Mr Anurag Khanna, Chairman & Managing Director of Banknet Group added that Implementation of Basel II is likely to improve the risk management systems of banks as the banks aim for adequate capitalization to meet the underlying credit risks and strengthen the overall financial system. Customers and customer relationships lie at the very core of the business of banking and hence they rank high on the priority list of banks.
Banknet has announced the criteria and selection procedures for the “Banknet Excellence Awards” at the Banknet’s CTO-CXO Summit to recognize the individual talents in the banking sector in India. According to Mr Anurag Khanna, CMD, Banknet Group, the selection procedure has been phased in two levels. The nominations would firstly be measured against the basic broad parameters. After this stage a concise list of three to four names for each category would be crafted out. This short listed list would then be evaluated by a select panel of industry and non-industry experts to pick the best from among them for each category.
Entries would be received in ten categories: Excellence in Information Technology, Excellence in Human Resources Management, Excellence in Treasury and Funds Management, Excellence in Retail Banking, Excellence in Corporate Banking, Excellence in Risk Management, Excellence in Marketing and Communications, Excellence in Private Banking and Wealth Management, Excellence in Investment Banking and Overall Excellence in Banking.
Though there are specific criterions for each of the awards category, the general criteria include broad parameters like new initiatives, contribution to profitability, effective project management, change management, service quality, socially responsible behavior, customer relationship, resource optimization, and contribution to improvement in product delivery and client satisfaction, leadership qualities etc.
For the purpose of the Banknet Excellence Awards, nominations are now being invited from all the Public Sector, Private sector, Foreign Banks and major Urban Cooperative Banks and Investment Banks operating in India. More information is available at www.banknetindia.com .
Media contact details
Khushbu Joshi,
Banknet India,
+91 (022) 67102091,
khushbu@banknetindia.com
Manish Tharwani,
Banknet India,
+91 (022) 67102091,
manish@banknetindia.com
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