The winning bank is the third largest bank among the private banks in India. The bank has developed a comprehensive approach to the standard requirements for enterprise risk management (ERM). Over the last five years, a dedicated team has diligently worked to develop and strengthen the bank’s capacity to address a wide range of enterprise-threatening risks and new threats, including environmental, social, and governance (ESG) risk, cyber threats, and bank lending in rural areas.

For being in a position to impact decision-making at strategic and operational levels through ERM practices and having the capacity to expand the underlying processes going forward, the award for Achievement in Enterprise Risk Management goes to Axis Bank.