SKOCH BFSI Award

About SKOCH BFSI Award for Financial Services

Many would not know that the National Stock Exchange (NSE) was the first to introduce the Parallel Risk Management System (PRISM) during the early 1990s to manage the risks of millions of parallel transactions. For this, NSE had identified a group of technology geeks who visited the Chicago Mercantile Exchange (CME) and Chicago Board of Trade (CBOT) to study their risk management system. Upon return, an incubation centre was set up at IGIDR with seven small machines and a mother computer – they called it Snow White and the Seven Dwarves and thus was born PRISM.

The Bombay Stock Exchange, though, was formed in 1875, but for over a century remained paper-based till such time in the mid-1990s, BSE On-Line Trading (BOLT) was introduced.

Many would also not know that SKOCH was the only organisation documenting this change as it unfolded during the early 1990s – both on paper and video.

Contributions made by legendary Dr R H Patil, who was one of the founding fathers of NSE and the Clearing Corporation of India (CCIL) are also lesser known. We have had insights into his contributions and extensively documented it while he lived. Indian financial markets owe deeply to Dr Patil for where India is. NSE today is 4th largest exchange in the world and BSE the fastest in trading speed of 6 microseconds. Next, the Indian stock market is set to shift to world’s fastest settlement cycle.

SKOCH documentary on dematerialisation efforts unleashed by the National Securities Depository Limited (NSDL) remains the only one to date.

The above has completely changed and transformed the entire landscape of financial markets, which have grown and matured in the last two decades. We have witnessed this change and captured every aspect of it – stock exchange, depository, clearing corporation, and broking.

These have become global case studies. Additionally, we published a book on BSE, INCLUSION magazine supplements on NSE and several case studies covering depository participants and custodians.

Many more stories are unfolding by the day, waiting to be noted. Yours may be one of those outstanding successes that could have an immense amount of learning for others. These then should be told, discussed, identified, recognised and published to join luminaries that have definitively changed the face of the Indian markets. Apply for SKOCH Award and shine brighter than the others.

Apply for SKOCH BFSI Award for Financial Services

We are looking forward to know about your extraordinary work and contributions to the industry. Do share your details:

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Last Date: 31 December 2024

Read Methodology Download Award Categories

Click here to view the Financial Services award categories

Stock Exchange of the Year:

Financial Performance
Capital Raising
Product Development
Liquidity, Efficiency, Capacity
Corporate Governance
Strategy & Delivery
Risk Management
Market Access, Connectivity & Technology

Financial Derivative Exchange of the Year:

Financial Performance
Volume Growth
Liquidity
Efficiency, Capacity Delivery
New Product Offering
Risk Management
Market Access, Connectivity & Technology

Trading Platform of the Year:

Sustainable Business Performance
Geographic & Asset Class Coverage
Technological Innovation
Liquidity
Cost
Trading Functionality
Risk Management

Alternative Trading System of the Year:

Financial Performance
Liquidity
Risk Management and Mitigation

Commodities Exchange of the Year:

Financial Performance
Volume Growth
Liquidity
Efficiency, Capacity & Delivery
New Product Offering
Risk Management
Market Access, Connectivity & Technology

SME Exchange of the Year:

Financial Performance
Volume Growth
Liquidity
Efficiency, Capacity & Delivery
Risk Management
Market Access, Connectivity & Technology

Trading & Reference Data Provider of the Year:

Financial Performance
Data Delivery
System Characteristics
Risk Management

Financial Markets Tech Implementation of the Year:

Implementation Process
Quantitative Outcome
Qualitative Outcome

Clearing House of the Year:

Financial Performance
Clearing Capabilities
Customer Service
Collateral Management
Risk Management

Central Securities Depository of the Year:

Financial Performance
Core Issuer Solutions
Customer Service
Collateral Management
Risk Management

Custodian of the Year:

Financial Performance
Asset Servicing & Safekeeping
International Presence
Customer Service
Post-Settlement Facilities
Technology
Risk Management

Sub-Custodian of the Year:

Financial Performance
Asset Servicing & Safekeeping
International Presence
Customer Service
Global Custodian
Post-Settlement Facilities
Technology
Risk Management

Best Derivative Provider of the Year:

Financial Performance
Customer Service
Volume Growth
Technology
Risk Management

Trading, Risk & Portfolio Management:

Traded Commodity Markets (all products)
Energy Markets
Industrial Metals
Precious Metals
Agricultural & Softs Markets
Emission Markets
Renewable Energy

Commodity Market Development:

Risk Exposure Mitigation
Commodity Finance & Structured Products
Market Policy & Advisory
Data Management
Commodity Trading and Operations Management
Commodity Logistics
Commodities: Legal

Commodity Transactions Management:

Commodity Deal of the Year
Commodity Broker of the Year
Commodity Research House of the Year
Commodity House of the Year

Leadership in Financial Markets:

Leadership in Stock Markets
Excellence in Block Trading
Excellence in ETF Trading
Excellence in Electronic Trading
Best ETF Platform
IPO of the Year

Merchant Banks:

Financial Performance
Product Development
Corporate Governance
Risk Management

Brokerages:

Financial Performance
Product Development
Corporate Governance
Risk Management
Market Access
Connectivity & Technology
Trading Functionality
Customer Service

Pension Funds:

Financial Performance
Product Development
Corporate Governance
Risk Management

Institutional Investors:

Financial Performance
Product Development
Corporate Governance
Risk Management
Trading Functionality
Market Policy & Advisory

Private Equity:

Financial Performance
Corporate Governance
Risk Management
Qualitative Outcome

Hedge Funds:

Financial Performance
Product Development
Corporate Governance
Risk Management
Trading Functionality

Mutual Fund:

Large Cap Mutual Fund of the Year
Mid Cap Mutual Fund of the Year
Small Cap Mutual Fund of the Year
Flexi-Cap Mutual Fund of the Year
Debt Fund of the Year
Hybrid Fund of the Year
Equity Oriented Fund of the Year
Short Duration Mutual Fund of the Year
Most Investor Friendly Mutual Fund of the Year
Mutual Fund With the Best Retail Reach
Best Mutual Fund for Institutional Investors
Best Mutual Fund for Individual Investors

Past SKOCH BFSI Events

May2023

India Economic Forum 2023
92nd SKOCH Summit

24th May 2023
9:00 - 13:30
Dr Ambedkar International Centre, New Delhi

Apr2022

State of BFSI & PSU
80th SKOCH Summit

9th Apr 2022
10:30 - 18:00
Webinar on Zoom

Jun2017

India 2022
48th SKOCH Summit

19th & 20th June 2017
09:00 - 18:00
International Convention Hall, BSE, Dalal Street, Mumbai

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

Jun2016

Sabka Sath, Sabka Vikas
44th SKOCH Summit

8th & 9th June 2016
09:00 - 18:00
International Convention Hall, BSE, Dalal Street, Mumbai

Timed 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.

Jun2015

Making India $20 Trillion Economy
40th SKOCH Summit

11th & 12th June 2015
09:00 - 18:00
International Convention Hall, BSE, Dalal Street, Mumbai

Jun2014

Delivering to an Aspirational India
36th SKOCH Summit

20th & 21st June 2014
09:00 - 18:00
India Habitat Centre, New Delhi

The 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.

Jun2013

Regaining 8% Growth with Equity
32nd SKOCH Summit

6th June 2013
09:00 - 18:00
Hyatt Regency, Mumbai

A 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.

Jun2012

Refuelling Growth
29th SKOCH Summit

8th & 9th June 2012
09:00 - 18:00
Hyatt Regency, Mumbai

Jun2011

Swabhimaan – Inclusive Growth & Beyond
26th SKOCH Summit

2nd & 3rd June 2011
09:00 - 18:00
Hyatt Regency, Mumbai

The 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.

Jun2010

Financial Deepening
23rd SKOCH Summit

17th & 18th June 2010
09:00 - 18:00
Taj Lands End, Mumbai, India

The 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.

Jun2009

BFSI Inclusive Growth 2.0
20th SKOCH Summit

16th & 17th July 2009
09:00 - 18:00
Taj Lands End, Mumbai, India

Keeping 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.

Jun2008

BFSI Scaling Financial Inclusion
17th SKOCH Summit

10th & 11th June 2008
09:00 - 18:00
Taj Lands End, Mumbai, India

Jun2007

BFSI Financial Inclusion: Need for Full Spectrum Implementation
14th SKOCH Summit

5th & 6th June 2007
09:00 - 18:00
Taj Lands End, Mumbai, India

The 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.

Jun2006

BFSI Financial Inclusion
9th SKOCH Summit

7th & 8th June 2006
09:00 - 18:00
Taj Lands End, Mumbai, India

Jun2005

BFSI Strategic Imperatives for Sustainable Growth - 6th SKOCH Summit

BFSI Strategies for Sustainable Growth & Solutions
6th SKOCH Summit

15th & 16th June 2005
09:00 - 18:00
Taj Lands End, Mumbai, India

To 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.

Jun2004

BFSI Strategies for Sustainable Growth & Solutions
3rd SKOCH Summit

15th & 16th June 2004
09:00 - 18:00
Taj Lands End, Mumbai, India

The 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.

We at SKOCH, strive to maintain the highest levels of integrity and confidence for all nominees and awardees. SKOCH Award Methodology as is follows:

Stage 1 – Nomination & Registration

You are requested to nominate your initiatives for SKOCH BFSI Award. Nominations to be made using the online link along with mandatory conference delegate registration (Rs. 40,000 INR + GST@18% for 4 Delegates).

Apply Now

Stage 2 – Research & Validation

SKOCH Research team will verify the details and correctness of the nomination, do desk research, take telephonic feedback and use SKOCH domain knowledge.

Stage 3 – Interaction with Jury

Face to face interaction of the shortlisted nominees via virtual session with the panel of domain experts. Experts make ratings and these are added to the score of the nominee's score.

Stage 4 – Popular Vote

SKOCH Team will create and publish page for shortlisted nominees for popular voting. Popular vote is to help organisations create a buzz around one’s good work with peers, colleagues and benchmark popularity against the peers from other organisations.

Stage 5 – Merit List

Semi-finalists are announced and Order-of-Merit list is published on the website by SKOCH Team. All Order-of-Merit recipients to be invited for Summit and Award ceremony to receive Order-of-merit certificates and also compete for the coveted SKOCH Award which will be announced on the same day.

Stage 6 – Expert Vote

All finalists are invited to participate in the online digital exhibition and solicit Expert Votes. A Weightage of 10% would be added in the total score from this activity. SKOCH Team will create pages on the exhibition portal along with additional material provided by the nominees.

Stage 7 - Live Voting

This is the last step happens on the day of the conference and award ceremony where delegates attending the conference would vote for the nominees. 10% Weightage of this is added in the score.

Stage 8 – Way to Final

Using SKOCH Award raking system, a cutoff is decided and final awardees are announced and conferred SKOCH Award during the Conference and Award Ceremony.

FAQs for SKOCH BFSI Award for Financial Services

Why SKOCH Award?

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.

What is the difference between SKOCH Order-of-Merit and SKOCH Award?

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.

Can I qualify for the award without participating in the exhibition?

Yes, you can qualify for the award without participating in the exhibition, which is optional but an integral part of the process. Several nominees, who do not participate in the exhibition also go on to win SKOCH Award. The reasons could be any of the following:

All judges give 10/10 combined score
Jury and Peer Evaluation coming to 10/10 score
SKOCH Order-of-Merit score is 10/10
SKOCH Award score is 10/10
All scores are confidential and not shared with anyone including the nominees

Why is the exhibition important?

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.

SKOCH Award isn't based on any commercial considerations. Participation in exhibition doesn't influence the jury decision. It can, however, provide precious marks, which often make the difference between a winner and a loser.

Exhibition participation provides another unmatched opportunity to learn from the best practices in your industry. Nothing delivers on sharing best practices better than exhibition.

Why do I have to sit through all peer evaluations?

The idea behind SKOCH Awards 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.

Why is online voting important, if we are a non-media savvy organisation?

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.

Moreover, we encourage people to adopt more and more contemporary technologies and move forward with the times to digital inclusion.

Does participation in exhibition guarantee an award?

SKOCH Award is India's highest independent civilian honour. The awards have been non-controversial and non-partisan for 25 years. All nomination go through a rigorous evaluation process, which spans four months.

Exhibition is an integral but an optional part of the process. There are enough number of award winners, who didn't participate in exhibitions.

What happens if you receive a complaint about a potential awardee?

We take such issues seriously and with utmost concern. Any complaint received is liable for a detailed editorial investigation by the SKOCH Group and a report is presented to the jury before they make their final decision. Any complaint about a potential awardee/nominee can be emailed at info@skoch.in alongwith supporting documents. Anonymous complaints are not entertained.

What happens if you receive a complaint after the award has been conferred?

All awards are final. Once conferred, they are not reviewed. Awards are evaluation based and decided through a process using the evidence available at the time.