While we still see choppy financial markets amid high interest rates, it is worth pausing to recognise leading financial institutions across Asia that have performed well and made waves in these volatile times.
The goal posts have not changed: each of Asia's markets is bound by net zero commitments; and digital transformation continues to drive regulatory discourse and development around emerging sectors and virtual assets. As a result, sustainability and digitisation continue to be underlying themes shaping a new paradigm for deal-making in the region.
The FinanceAsia team invited banks, brokers, ratings agencies and other financial institutions, to showcase their capabilities to support their clients as they navigated these uncertain economic times. Our awards process celebrates those institutions that showed determination to deliver desirable outcomes, through display of commercial and technical acumen.
This year marks the 28th iteration of our FinanceAsia awards and celebrates activity that has taken place within the past year (2023).
Read on for details of the winners and finalists (entrants whose submissions were highly commended by our jury) for South Asia. Full write-ups explaining the rationale behind winner selection will be published in the summer 2024 edition of FinanceAsia print magazine, with subsequent syndication online.
Congratulations to all of our winners in the following categories:
BANGLADESH DOMESTIC
BEST BANK
Winner: City Bank
BEST INVESTMENT BANK
Winner: UCB Investment
BEST SUSTAINABLE BANK
Winner: Infrastructure Development Company (IDCOL)
BANGLADESH INTERNATIONAL
BIGGEST ESG IMPACT - BANKS
Winner: Standard Chartered
MOST INNOVATIVE USE OF TECHNOLOGY - BANKS
Winner: Standard Chartered
INDIA DOMESTIC
BEST DCM HOUSE
Winner: Trust Investment Advisors
BEST ECM HOUSE
Winner: JM Financial
Highly Commended: IIFL Securities
BEST INVESTMENT BANK
Winner: Axis Capital
Highly Commended: JM Financial
BEST PRIVATE BANK
Winner: 360 ONE Wealth
MOST INNOVATIVE USE OF TECHNOLOGY - NONBANK FINANCIAL INSTITUTIONS
Winner: ICICI Securities
INDIA INTERNATIONAL
BEST CORPORATE BANK - LARGE CORP & MNCs
Winner: Citi
BEST INVESTMENT BANK
Winner: Citi
BEST SUSTAINABLE BANK
Winner: BNP Paribas
Highly Commended: MUFG Bank
MOST DEI PROGRESSIVE - BANKS
Winner: Citi
MOST INNOVATIVE USE OF TECHNOLOGY - BANKS
Winner: Standard Chartered
MOST INNOVATIVE USE OF TECHNOLOGY - NONBANK FINANCIAL INSTITUTIONS
Winner: Standard Chartered Securities
PAKISTAN DOMESTIC
BEST BANK
Winner: Allied Bank
BEST BANK FOR FINANCIAL INCLUSION
Winner: Allied Bank
BEST BROKER
Winner: JS Global Capital
Highly Commended: KTrade Securities
BEST CORPORATE BANK - LARGE CORP & MNCs
Winner: Habib Bank
BEST DCM HOUSE
Winner: Habib Bank
BEST ECM HOUSE
Winner: Habib Bank
BEST INVESTMENT BANK
Winner: Habib Bank
Highly Commended: Allied Bank
BEST SUSTAINABLE BANK
Winner: Allied Bank
MOST DEI PROGRESSIVE - BANKS
Winner: Allied Bank
MOST INNOVATIVE USE OF TECHNOLOGY - BANKS
Winner: Allied Bank
SRI LANKA DOMESTIC
BEST BANK
Winner: Commercial Bank of Ceylon
BEST BROKER
Winner: Asia Securities
BEST INVESTMENT BANK
Winner: NDB Investment Bank
SRI LANKA INTERNATIONAL
BEST BANK
Winner: HSBC
To see the winners from North Asia, click here, and to see the winners from Southeast Asia click here.
