India’s Leading BFSI and FinTech Companies 2023

82 | India’s Leading BFSI and FinTech Companies 2023 Methodology: BFSI & Fintech Awards BFSI & Fintech Awards 2023 are categorized into 2 broad segments – Industry and nomination-based awards. Industry segment consisted of 15 categories and nomination consisted of 5 categories. Year on year, BFSI & Fintech awards have recognized the best of the best from the BFSI & Fintech industry in India. For 2023, D&B have introduced new categories to recognize the good work in areas such as support to MSMEs, customer experience, product innovation and technology initiatives. D&B uses proprietary model to shortlist leading BFSI & Fintech companies, which are further vetted by eminent jury members to finalize the award winners for both industry and nomination segments of awards. Industry Awards The awards are based on quantitative and qualitative performance of BFSI companies for FY21 & FY22. The data was taken from published annual reports of banks, insurance, NBFCs and asset management companies together with reliable database such as RBI, IRDAI, AMFI etc. D&B has looked at financial performance of 85 scheduled commercial banks, 55 insurance companies, 125 NBFCs and 24 asset management companies to assess industry awards. The industry awards are further categorized into Scheduled commercial banks – Total of six categories » India’s Leading Bank – Public (Large, assets greater than INR 4 lacs crores for FY22) BFSI & FINTECH AWARDS 2023 » India’s Leading Bank – Public (Mid, assets less than INR 4 lacs crores for FY22) » India’s Leading Bank – Private (Large, assets greater than INR 4 lacs crores for FY22) » India’s Leading Bank – Private (Mid, assets less than INR 4 lacs crores for FY22) » India’s Leading Bank – Small Finance Bank » India’s Leading Bank – Foreign Insurance companies – Total of 3 categories » India’s Leading Life Insurance – Private » India’s Leading Non-Life Insurance – Public » India’s Leading Non-Life Insurance – Private NBFCs – Total of 5 categories » India’s Leading Housing Finance NBFC (Large, assets greater than INR 25 thsd crores for FY22) » India’s Leading Housing Finance NBFC (Mid, assets less than INR 25 thsd crores for FY22) » India’s Leading Consumer Lending NBFC (Large, assets greater than INR 25 thsd crores for FY22) » India’s Leading Consumer Lending NBFC (Mid, assets less than INR 25 thsd crores for FY22) » India’s Leading Infrastructure Finance NBFC Asset management category: India’s Leading Asset Management Company Dun & Bradstree