Bengaluru (Karnataka) based Jana Small Finance Bank (SFB) Limited was honoured with 4 awards: Best Small Finance Bank (India), Best Performance on Profitability (Runners-up), Best Performance on Asset Quality, and Best Performance on Risk Management, at the 2nd ICC Emerging Asia Banking Conclave & Awards (2024), organised by the Indian Chamber of Commerce (ICC) on 22nd and 23rd August 2024 in New Delhi, Delhi.
- This highlights Jana SFB’s outstanding performance across key metrics and dedication and commitment to providing innovative financial solutions.
Key People: The awards ceremony was attended by Gopal Tripathi, Head of Treasury and Capital Markets at Jana SFB
About Jana SFB:
i.Jana Small Finance Bank (erstwhile Janalakshmi Financial Services Limited) is a scheduled commercial bank and the 4th largest Small Finance Bank (SFB) in India.
ii.It commenced operations as a Non-Banking Financial Company (NBFC) in March 2008 and was later classified as an NBFC-Micro Finance Institution (NBFC-MFI).
iii.It commenced banking operations in March 2018 and has diversified its portfolio with a presence in 24 states/Union Territories (UTs) across India.
J&K Bank Received Award for “Best Performance on Profitability” at 2nd ICC Emerging Asia Banking Conclave & Awards 2024
Jammu & Kashmir Bank Limited (J&K Bank), a Scheduled Commercial Bank (SCB) and one of the oldest private sector Bank in India, has secured the “Best Performance on Profitability” award in the category of Private Sector Bank (Mid-Size) at the 2nd ICC Emerging Asia Banking Conclave & Awards 2024.
Key Points:
i.The award highlights the Bank’s exceptional profitability among mid-sized private sector banks in India. General Manager Rajesh Gupta received the award on behalf of the Bank.
ii.J&K Bank recorded its highest-ever net profit of Rs 1767 crore for the financial year 2024, thereby registering the record profit consecutively for the 2nd year.
iii.Srinagar (Jammu & Kashmir)-headquartered J&K Bank was incorporated in 1938.
About ICC Emerging Asia Banking Conclave & Awards 2024.
i.The 2024 conclave brought together regulators, banking professionals, etc. from across the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) region.
- The theme of 2024 conclave is “Leading in the Digital Paradigm”.
ii.It featured discussions on the impact of technological advancements on the banking industry.
iii.It also provides a platform for knowledge sharing and the exchange of best practices among delegates and regulators participating in the conclave.
iv.At the 2nd ICC Emerging Asia Banking Conclave & Awards 2024, various banks participated from Bangladesh, Bhutan, India Myanmar, Nepal, and Sri Lanka.
About ICC Emerging Asia Banking Conclave & Awards:
i.After the success of the Insurance Awards, ICC organised the 1st Emerging Asia Banking Conclave & Awards, an international conclave in Goa in May 2023.
ii.The event serves as a platform for networking among banking fraternity stakeholders across BIMSTEC countries and recognises the extraordinary contributions to the growth of Emerging Asian Banking.
iii.Banks are rewarded for innovation in payment systems, digital asset management, anti-money laundering, big data analytics, and regulatory compliance.
iv.The event also honours banks with innovative products, services, and strategies that positively impact clients and the industry.
v.The award is presented under 8 Award Categories such as,
- The Best Bank;
- The Best Performance on Risk Management;
- The Best Performance on Asset Quality;
- The Best Performance on Growth;
- The Best Performance on Profitability;
- The Best Bank in Digital Banking;
- The Best Bank for Environmental, Social, and Governance (ESG); and
- The Best Fintech in Banking.
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The UAE-India CEPA Council (UICC) and the Indian Chamber of Commerce (ICC) have signed a Memorandum of Understanding (MoU) to enhance economic and trade relations between the United Arab Emirates (UAE) and India.
About the Indian Chamber of Commerce (ICC):
Director General– Dr.Rajeev Singh
Headquarters– Kolkata, West Bengal
Founded in 1925
