India's best corporate and investment bank 2021: Kotak Mahindra Bank
Kotak Mahindra Bank
India’s biggest banks all deserve plaudits for steering their firms in the right direction in 2020, despite facing an unprecedented global health crisis.
Asset quality in India’s banking sector remained robust, defying expectations of a big spike in non-performing loans. This was partly thanks to banks making prudent decisions about lending and putting in place higher provisions than needed, in order to tackle distressed debt.
All of India’s largest banks can be proud of how they weathered the storm, but Kotak Mahindra Bank, led by chief executive Uday Kotak, stands out. It is the winner of two Asiamoney awards this year – one for its prowess in corporate and investment banking and the other for its overall domestic banking performance, recognizing its resilience, growth and the strategic moves it made in 2020 to navigate the difficulties posed by the Covid crisis.
Let’s take Kotak’s CIB franchise first.