India’s Leading BFSI Companies 2020

VII For the purpose of the publication, ‘India’s Leading BFSI Companies 2020’, the BFSI sector has been divided into the following key segments – banking i.e. scheduled commercial banks (SCBs) - based on the RBI enumeration of SCBs as on Mar 2019, small finance banks and payment banks as defined by the Reserve Bank of India (RBI); companies providing financial services falling under NIC Codes 64, 65 & 66; asset management companies as registered with Association of Mutual Funds in India (AMFI); and insurance companies that are registered with Insurance Regulatory and Development Authority of India (IRDAI), in accordance with the Insurance Act, 1938. Adequate measures were taken to reach out to BFSI companies using Dun & Bradstreet India’s in-house database and companies registered with the respective regulatory bodies and industry associations. In addition, emails and social networking were also used for ensuring maximum participation in the publication. Basic Eligibility Criteria As a basic selection criterion, companies with a standalone total income of ` 250 mn and above in FY19 have been featured in this publication. For companies where the published financial statement is for a period other than 12 months, the financials have been annualized for the sole purpose of shortlisting and profiling. We have also considered additional exclusion criteria of the corporate governance record and NBFCs whose certificate of registration was cancelled by RBI (as on 31 Oct 2019) to arrive at the final list of ‘India’s Leading BFSI Companies 2020’. Source of Information In general, all information used in the publication is from sources available in the public domain. Financials and other details of the companies have been sourced from annual reports or financial statements or various publications provided by regulatory authorities (IRDA, RBI, SEBI, AMFI and Government of India websites). Audited financial statements considered were for the period July 31, 2018 and June 30, 2019 have been used as the source of information for this publication. In case of certain subsidiaries, financials have been procured from annual reports of their respective parent companies. To ensure that all the information contained in this publication is verified and authenticated, companies that have not responded with financials statements, and/or their information is not available in public domain at the time of compiling this publication are excluded. The various financial computations are based on Dun & Bradstreet’s methodology and have been explicitly explained in the ‘Definitions and Calculations’ section. A standardized format has been used for reporting the information about the companies. The editorial team would appreciate if readers would keep Dun & Bradstreet India regularly updated regarding any changes in their companies, as and when it occurs. Each company featured in the publication has been allotted a unique identification number (D-UN-S® - Data Universal Numbering System). This will help readers locate and obtain full-fledged informative reports on these companies from the Dun & Bradstreet India database. The editorial team is confident that ‘India’s Leading BFSI Companies 2020’ will serve as a useful reference tool for information on the Indian BFSI sector. We would be pleased to receive your invaluable feedback and suggestions, which we can incorporate in the next edition. Methodology Dun & Bradstreet