Reddy, Puri & SBI win top FE Best Banks awards
If there was one central banker who was not afraid to speak his mind and take tough decisions, it was Reddy whose immense contribution to central banking raised the bar in policy making; Reddy ring-fenced the Indian banking system and the economy from the spillover effects of the global financial crisis, earning recognition for his prudential approach. Nobel Laureate Joseph Stiglitz commended Reddy for having had the insight and intuition to foresee the fallout of the 2008 global asset bubble meltdown. As chairman of the Fourteenth Finance Commission, Reddy will take a fresh look at the finances of the Centre and the states against the backdrop of the radical restructuring of India’s indirect tax system.
Under Aditya Puri’s leadership, HDFC Bank has become the country’s most valued bank having earned a reputation for being efficient, profitable and reliable; the bank has grown its profits