Sandeep Bakhshi has been named the Business Standard Banker of the Year 2020-21. He is the managing director (MD) and chief executive officer (CEO) of ICICI Bank. The winner was chosen by a jury of 5 members chaired by former Reserve Bank of India deputy governor S S Mundra. For 2020-21, ICICI Bank reported a net profit of Rs 16,193 crore against Rs 7,931 crore during the previous financial year.
The criteria used for selecting the contenders were the following:
- Banks with an asset size of Rs 50,000 crore and above as of March 2021.
- 10 per cent or more growth in profits prior to provisioning in the past one-, two- and three-year periods. Only 10 banks qualified, and that was further brought down to seven.