The prestigious award was presented by Shri Anand Sharma, Hon'ble Union Minister of Commerce, Industry and Textiles at an Award ceremony held in New Delhi on 20th August; in the presence of several eminent bankers and industry representatives.
Winners were identified after a stringent survey of CEOs across all the 78 Scheduled Commercial Banks operating in India. The research was conducted by Indicus Analytics, India's premier economic research agency for The Sunday Standard. The research used quantitative and qualitative indicators, published data and primary surveys across bankers, regulators, academia and banking experts. Forty four variables were chosen, covering four aspects of banking - Sustainable growth, Sustained profitability, Good work environment and Contribution to inclusive and broad-based growth of the economy.
Commenting on the recognition conferred on ING Vysya Bank, Mr. Shailendra Bhandari said, "Banking at the core is about trust and demands the highest level of integrity. We are very proud to receive this recognition, especially in the current times. This is a validation of our focus on doing business the right way and corporate governance. "
In 2011, ING Vysya Bank was ranked among the Top 5 Most Trusted Private Sector Banks by Brand Equity, Economic Times.