About SKOCH BFSI Award for Banking
SKOCH is the only organisation that has documented the evolution of digital banking in India since 2000. This has included the efforts historically made by CVC, RBI and banks like SBI, PNB, Corporation Bank, Union Bank, Syndicate Bank, Andhra Bank, Canara Bank and many more, the documentation of which remains rare to date as we have captured the live history of the transition of the banking system in India. Whether it was Branchless Banking at Tineri, Farmers’ Training College at Neemrana, SHG Livelihood Linkage at Kalahandi, Mobile Banking at Surendranagar, JLG Banking Linkage at Bichpuri, SKOCH teams of researchers have visited it all. Thus, institutional memory is available in films, documentaries and case studies.
Although bank computerisation started in India with liberalisation in 1991-92 but not until 1998-99, only 5,000 out of 65,000 odd bank branches were computerized. Mr N Vittal, the then Chief Vigilance Commissioner set the target for total bank branch computerisation by March 2000. Lo and behold the target was achieved by February itself. That was the first tryst of banking with digital. India has moved from the days of manual ledgers to ALPM to MICR-based cheque processing called cheque truncation set up by RBI, straight-through processing, core banking, ATMs and so on. What we see today as Digital Banking had its roots dating back to Y2K.
Many of such successes were also honoured with SKOCH Award for having to contribute to nation-building and definitively changing the course of banking in India.
We did not stop there. India has now moved to NEFT, RTGS, IMPS and now UPI. Capturing milestones has become a culture at SKOCH and keeps on adding to the digital knowledge resource for others to take note of and learn from.
India is now going through the second phase of digital or branchless banking and services available on mobile and other devices. The focus is on providing customers with fast, accurate and quality banking experience.
At SKOCH, we are looking at the new generation champions, organisations and their success stories, propelled by the new business models, application of newer technologies and change in culture.
Such successes will become part of the rich knowledge resource, wherein the names of new changemakers will also be etched in history.
Apply for SKOCH BFSI Award for Banking
We are looking forward to know about your extraordinary work and contributions to the industry. Do share your details:
Last Date: 30th June 2026
Leadership:
- Corporate Governance
- Capital Raising
- Cash Management
- NPA Management
- Compliances
- Corporate Banking
- Delivery Channels
- Financial Reporting
- Bancassurance
- Green Finance
- Infrastructure
- Infrastructure & Project Finance
- Investment Banking
- Leveraged Finance
- Lending
- Employment Generation
- Restructuring
- Retail Banking
- Priority Sector Performance
- MSMEs
- Outreach
- Securitisation & Structured Finance
- Sustainability
- Forex
- ESG
- Pension Fund
- Credit Card
Technology:
- Artificial Intelligence
- Internet of Things (IoT)
- Blockchain
- CRM
- Data Analytics
- Delivery Channels
- Developer APIs
- Internet Banking
- Apps
- Payments
- Risk Management
- Social Media
- Information Security
- Cyber Security
- Strategic Transformation
- Technology
- Digital Banking
- UPI
- Trading Platforms
- Customer Service
- Clearing & Settlement Technology
- Treasury performance management
Corporate Performance:
- Product of the Year
- Company of the Year
- Segment of the Year
- Brand of the Year
- Turnaround of the Year
- Best Growth Story
Past SKOCH BFSI Events
Dialogue of the Titans – Digital Cities, Digital States, Cloud & Cognitive Services, Thought Leadership: Financial Technology 2022, Thought Leadership: From Digital Payments to Digital Economy, Smart City & Swachh Bharat Risk Appreciation and Decision Making, Digitisation and Cyber Security
Read MoreTimed with the completion of two-years of Narendra Modi government and the ground covered by some of the most important national programmes, Skoch is organising the 44th Skoch Summit at Mumbai. Key Sessions are as follows: Sabka Saath, Sabka Vikas, From Dashboards to Delivery, Accelerating Electronics Manufacturing, Accelerating Electronics Manufacturing, Ubiquitous Connectivity, Ubiquitous Digital Seva, Dialogue of the Titans – Team Digital India.
Read MoreThe task for the new government is already cut out. On the one hand, it needs to kick start growth through a host of measures including improving sentiments, fuelling investments both foreign and domestic and spurring savings. On the other, flagging poverty levels, increasing disparities, social sector inefficiencies and ineffective public private partnerships (PPPs) need to be shored up. But at a more specific level, the new mantra of inclusive growth for any new government must take a 360 degree view. That would include: kick starting infrastructure development and debottlenecking, ensuring that education reaches greater sections of the society, a new vision for banking the unbanked, corporate social responsibility (CSR) spends reaching the intended beneficiaries and women empowerment.
Read MoreA serious stocktaking on fast-tracking investment and reforms in key sectors of agriculture, infrastructure, power, banking, insurance, pensions and capital markets are needed to lift India’s growth rate to the Planning Commission’s projection of over 8 per cent during the Twelfth Five-Year Plan. The growth has to be inclusive, it must lead to reduction in poverty and has to be environment friendly. The 32nd Skoch Summit is designed as an occasion to rethink and reflect on bolder reforms that are required to revive the ‘animal spirits’ of Indian economy. The Summit will shine a new light on some core areas that are central to attaining an inclusive 8 per cent annual GDP growth.
Read MoreThe objective of the Summit was to bring the focus of financial inclusion back to poverty alleviation and inclusive growth rather than a mere no-frill account opening exercise, most of which still remain unused. The Summit saw the release of Part II of the ongoing study “Revisiting Financial Inclusion”. The Skoch Development Foundation planned specialized conclaves on financial inclusion for minorities, gender response to budgeting and poverty alleviation on the sidelines of the Summit.
Read MoreThe call for India decade is a call for action from all stakeholders in India’s growth. Concerted action in this decade alone can help achieve an economic superpower India in the decade to follow. The 23rd Skoch Summit looks at the issues of reaching and sustaining near double-digit growth rates through the prism of financial inclusion, managing inflation, technology infusion, infrastructure development, improved governance and an enabling policy framework.
Read MoreKeeping the continuum of charting the development agenda for the nation, identifying challenges and brainstorming the possible way of moving forward the 20th Skoch Summit BFSI put together all the relevant stakeholders to ideate on “Inclusive Growth 2.0”. Given the timeliness and subject appropriateness of the 20th Skoch Summit for an incoming government, we were embraced by over 300 senior level delegates including Chief Secretaries and Power Secretaries from States, Municipal Commissioners from JNNURM cities, senior bankers, academia, economists and media.
Read MoreThe 14th Skoch Summit BFSI, 5th-6th June 2007, Mumbai, brought together the most popular conference trilogy built around “Looking at Core and Beyond” facilitated by Dr. D. B. Phatak of IIT Mumbai, top CEOs and domain experts from banking and insurance sector shared their vision; “e-Security and Disaster Management” facilitated by Prof. H. Krishnamurthy, Principal Research Scientist, Indian Institute of Science. Domain experts from KPMG, Ernst & Young, HP, Oracle and Sun deliverd rich content and tutorials while CCA and CERT-In defined the regulatory and legal framework; and, “Need for Full Spectrum Implementation” brought together a never before galaxy of thinkers and practioners who deliberated on hurdles and solutions, strategy and sustainability issues.
Read MoreTo help the existing leaders from the Banking and Financial Sector learn not just from best practices of each other but from experiences in other countries as well and to help groom the emerging leaders in our banking financial services industry, a unique Combination of events: “Capacity Building Workshops and Tutorials” & “Conference on Strategies for Sustainable Growth” held on the 15th and 16th of June 2005 at the Taj Lands End in Mumbai.
Read MoreThe First Skoch Financial Technologies Summit, a unique Trilogy of 3 events: “Capacity Building Workshops and Tutorials”; “Conference on Strategies for Sustainable Growth”; & “Solutions Showcase” was held on the 15th and 16th of June 2004 at the Taj Lands End in Mumbai.
Read MoreMethodology for SKOCH BFSI Award for Banking
We at SKOCH, strive to maintain the highest levels of integrity and confidence for all nominees and awardees. SKOCH Award Methodology as is follows:
Well-performing projects are submitted by nominees for evaluation.
Apply NowFirst round of vetting and shortlisting is done by SKOCH research analysts.
Overall impact is assessed for new projects whereas ongoing projects are evaluated on incremental improvement.
Shortlisted projects undergo primary evaluation through a presentation to a Jury of independent and senior domain experts.
A simultaneous peer evaluation is conducted by those undertaking similar projects.
Each project therefore receives a comprehensive score. A total of these decide state, central and sectoral performances.
These projects are put to a popular vote by registered users on the SKOCH web portal.
Based on an average score, a cut-off threshold is determined and a second shortlist is derived.
Based on the cut-off, the projects qualify for the Semi-Final Order of Merit.
The Semi-Finalist nominees are given additional options to participate in fee-based online exhibition and various ICE activities.
Field research may be undertaken for select projects to evaluate impact through intervention outcomes and benefits received.
All scores are confidential.
Limitations
Ratings and ranks are limited by submissions made by the states and their interest in getting the incremental progress in their governance measured in India’s oldest time-series Governance Index.
Our methodology is unique and has been fine-honed over decades of primary and secondary research. The results are not comparable with any other methodology that is either government/multi-lateral or sponsor funded secondary research based indices.
Only projects submitted by governments and private sector organisations are rated and recognised. Individuals cannot apply for any personal recognition or rating.
Revenue is generated through commercial activites related to Information, Communication and Education (ICE). This includes advertising, exhibitions and sponsorships.
No rating or ranking can be determined based on any commercial considerations outside of SKOCH’s stated Methodology and Ethics Policy.
FAQs for SKOCH BFSI Award for Banking
SKOCH Award remains the most credible independently instituted award in the country for the last 25-years. Its receivers have come from across the political spectrum and party lines. It has been conferred on the ordinary and mighty alike. Each SKOCH Award recipient has been doing phenomenally well in their respective areas. Our methodology and evaluation spans four months – more than any other award in the country. Our experts and juries are domain experts and devote hours and days of their time evaluating each project in great detail as opposed to celebrity juries, which don’t provide either time or commitment to the process.
SKOCH Order-of-Merit is the recognition of your efforts in the applied sub-category for the award. SKOCH Orders-of-Merit are provided to the top 30% best performing projects in the country. The difference between a SKOCH Order-of-Merit and SKOCH Award is that while nominations compete within their sub-category for SKOCH Order-of-Merit, for SKOCH Award, the evaluation is done for the main category as well as across sub-categories.
Yes, you can qualify for the award without participating in the exhibition, which is optional. All scores are confidential and not shared with anyone including the nominees.
Exhibition is an important part of the award evaluation process not only because it provides an opportunity for you to showcase your work in the presence of thought leaders from the industry, stakeholders and the wider ecosystem but also because it provides an opportunity for the delegates to see your work live and vote on the spot, which carries a 10% weightage in the process for evaluation.
Often, people lose out on awards due to a fraction of scores and hence, these scores from the exhibition become even more crucial.
Exhibition participation provides another unmatched opportunity to learn from the best practices in your industry.
The idea behind SKOCH Award is two fold – learning from peers and learning from the best. For best practices sharing and learning, we encourage all participants to sit through presentations of their counterparts and learn from them. Sitting through peer evaluation provides you an opportunity to learn from the best practices in the country.
As the world moves forward, it adopts contemporary technologies to drive value for the humankind and so should we. In online voting, same categories of organisations, individuals and nominations are competing with each other so the playing field is level. If you are not competent on social media and online, your peers aren’t likely to be savvy either.
SKOCH Award is India’s highest independent civilian honour. The Award have been non-partisan since inception in 2003. All nomination go through a rigorous evaluation process, which spans as-many-as four months.
We take such issues seriously and with utmost concern. Any complaint received is liable for a detailed editorial investigation by the SKOCH Consultancy Services and a report is presented to the jury before they make their final decision. Any complaint about a nominee can be emailed at info@skoch.in alongwith supporting documents. Anonymous complaints are not entertained.
All awards are final. Once conferred, they are not reviewed. Awards are based on an evaluation methodology and are decided through a process using the evidence available at the time.































