HDFC Bank voted 'Best Managed', 'Best Governed' in India

FinanceAsia has voted HDFC Bank as the Best Managed Company in India while Paytm has been voted as best private company in India.

Bajaj Finserv, TCS, Kotak Mahindra Bank came 2nd, 3rd and 4th respectively while State Bank of India (SBI) came 5th in the survey. Photo: Reuters

Leading global financial magazine FinanceAsia has voted HDFC Bank as the Best Managed Company in India in the poll conducted amongst investors and analysts. The poll also voted HDFC Bank as the Best in the ‘Corporate Governance’ category and Aditya Puri as ‘Best CEO’. On Corporate Governance, HDFC Bank has been voted ahead of a number of other prestigious companies. Bajaj Finserv, Tata Consultancy Services (TCS) and Kotak Mahindra Bank came 2nd, 3rd and 4th respectively while State Bank of India (SBI) and RIL came in joint 5th in the survey. In the private company category, Paytm emerged as the best private company in India in the same survey.

“We are humbled by this recognition,” said Shyamala Gopinath, Chairperson at HDFC Bank adding, “This is an endorsement of the Board’s commitment to transparency and independence as also how each one of our 2 lakh members of the HDFC Bank family has conducted themselves. While we have always kept the customer at heart, it has not been at the cost of our values, integrity and governance standards. We will strive to live up to these going forward.”

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Some 335 portfolio managers and analysts from around the world participated in the survey, now in its 20th year. The magazine quizzed investors about the best managed listed companies across Asia, in addition to the best senior executives and best policies around dividend payments, the magazine said on its website. The survey ran during January and February 2020.

The survey results were based entirely on the views of investors and analysts. Only responses fitting the criteria were included in the results.

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