"While outsourcing it is very important that adequate safeguards are established to seal the situation as well as the financial stability of the banking system," Choudhary added
The winners are judged on their ability to deliver returns, strategy, innovation, technology and product & services in their respective geographies in the last 12 months
The bank management and shareholders have reached compromise formulae on the issue of appointing the latter's representatives as directors on the bank's board