Mumbai: ICICI Bank, the largest private sector bank in India, has been awarded the Best SME
Banking Award for the year 2009 at the Ninth Asian Banker Excellence in Retail Financial Services
Awards Programme.
ICICI Bank emerged as the winner amidst over 120 banks and financial institutions from 23
countries across the Asia Pacific, Gulf and Central Asian regions ,which were evaluated as part of
the Excellence in Retail Financial Services Programme by The Asian Banker.
ICICI Bank has been a pioneer in servicing SME customers not only for their lending needs but
also through transaction banking services, cash management services, trade services, etc. ICICI
Bank has effectively segmented its SME customers according to clusters, which enables the bank
to customise its service approach and manage risk. The Bank also encourages the spirit of
entrepreneurship by recognising & honoring the outstanding SMEs through Emerging India
Awards every year. ICICI Bank has various other SME centric initiatives such as SME CEO
Knowledge Series and the SME Tool Kit to address the knowledge gap and provide the much
required business advisory services to the SMEs to enhance their competitiveness in the
globalising economy.
According to Mrs.Chanda Kochhar, MD & CEO, ICICI Bank said, “ICICI Bank has built a sustainable
and profitable business proposition in the SME business. We follow a cluster approach on the
lending side which helps us get a better understanding of the sectors and develop credit proxies
to evaluate their business. We see this award as a recognition of our efforts in the SME space. We
would like to take this opportunity to thank our, close to seven hundred thousand SME customers
who have placed their trust and support in banking with us .”
“ICICI Bank stood out by excelling in the segmentation of portfolio and innovative approaches in
its operations, showing strong leadership in the SME banking market in 2009,” said Mr. Chris
Kapfer, head of the Excellence in Retail Financial Services Programme at The Asian Banker.
About ICICI Bank:
ICICI Bank Ltd (NYSE:IBN) is India's largest private sector bank and the second largest bank in the
country with consolidated total assets of about US$ 103 billion as of December 31, 2009. ICICI
Bank’s subsidiaries include India’s leading private sector insurance companies and among its
largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank’s presence
currently spans 19 countries, including India.
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