NEW DELHI: HDFC, ICICI Bank, SBI, Yes Bank, PNB and HSBC Bank emerged as the top-10 banks in 2020, while Google Pay and PhonePe were the top wallets among the customers, according to a report.
The BFSI (banking, financial services and insurance) Movers and Shakers 2020 report by Wizikey talks about the top-100 banks in India and emerging BFSI models such as wallets and UPI, Neobanks, non-banking financial companies (NBFCs), small finance banks and payments banks.
Beyond the banking counterparts, one of the most muted sectors, insurance, also saw a massive shift in gears this year considering their rise in popularity due to after-effects of the pandemic, according to the report by SaaS-based start-up Wizikey.
“HDFC, ICICI, SBI, Yes Bank, PNB, HSBC Bank, Kotak Mahindra Bank, Bank of Baroda, Deutsche Bank and IDBI are the top-10 banks of 2020,” the report said.
It added that the year also saw UPI and wallets spring into high action as they found a new opportunity in making a dent with the customer. “In a locked down world, Google Pay emerged as the number one mover and shaker, followed by Phone Pe.” (AGENCIES)
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