Annual Report 2020-21
This year’s Cover Page is dedicated to the
triumvirate of Progress, Growth and Safety
- qualities that every financial institution
should embody and exemplify.
Your Bank has always taken special and
consistent efforts to overcome trials and
tough situations. The Covid-19 pandemic
has had a grave, wide-ranging impact
worldwide. Global markets shuddered
and crashed, foreshadowing months of
economic pummeling. As shutdowns
became the norm, life as we knew it
changed completely. Just as we thought we
had turned a corner, the 2nd Covid-19 wave
is upon us, more aggressive and virulent
than before, and has triggered a threat of
renewed economic downturn with attendant
lockdown restrictions.
Amidst this challenging scenario, your Bank
has consolidated all its efforts to remain
steady and sturdy. Progress, Growth and
Safety have been the Bank’s major focus
areas during this period.
It has been a year of lockdowns and
tremendous uncertainty; yet it has also
been a year of hope and resilience – a year
which tested our abilities and brought out
the best in us.
M.Com, PGD (IR), PGD (Comp. Sc)
Vice Chairman
Director
M.Com., D.M.A., C.A.L.I.B.
Director
M.A.
Director
B.Com, F.C.A, D.B.F.
Director
Saraswat Bank won the Banking Frontiers’ in Co-operative Banking Awards 2021 in the category of Best Digital Bank (for the second year in a row) and Best ePayments Initiative
Forbes in partnership with market research firm Statista released the list of World’s Best Banks basis their market survey on customer service and satisfaction. Saraswat Bank is recognized as one of the World’s Best Banks by Forbes–Statista for the second year in a row.
The IBA Technology Awards recognize and reward individuals, professionals and banks that have recorded noteworthy technology and business benefits. Saraswat Bank won the IBA Best Technology Bank Award for the year 2021 for the 5th time in a row! There are more feathers in our cap now: Winner (Best IT Risk and Cyber Security Initiatives) & Runner-Up (Best Digital Financial Inclusion Initiatives)
