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Criteria and selection procedures for the “Banknet Excellence Awards” announced

Banknet to accredit the talents in the Indian Banking Industry

Banknet has announced the criteria and selection procedures for the “Banknet Excellence Awards” at the Banknet’s CTO-CXO Summit on 15th May, 2008 to recognize the individual talents in the banking sector in India. According to Mr Anurag Khanna, CMD, Banknet Group, “These awards are created to recognize bankers, who have shown leadership and innovation and have also succeeded in adding additional dimensions to their scope of duties by integrating social, environmental and corporate governance considerations into their operations”.

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.

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

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.

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