The Birth of BFSI Vision CSR Awards

BFSI Vision was founded with the objective of providing members of the BFSI community a platform to exchange ideas and push the boundaries of knowledge. Along the way we did have our own share of learnings. After the crisis of 2008, the BFSI sector and banking in particular came under severe criticism – from being described as parasites to being greedy – the sector faced all these allegations. However, while interacting with the Indian BFSI sector, I was struck by the singular pursuit of social wellbeing practiced by them. Take for example the Buldana Urban Co-operative Credit Society Ltd – a credit society started by Radheshyam Chandak, a self confessed money lender who transformed the lives of farmers and the disadvantaged people in and around Buldana. Buldana Urban today runs schools, warehouses, builds roads and in general has played a great part in revitalizing the economy of Buldana. Or take the case of the big daddy of them all – The State Bank of India which has founded the SBI youth for India – a movement founded by SBI to channel the energy of willing urban youth to work for rural India to transform the rural ecosystem. There are countless examples of how the Indian BFSI sector has showed its humane face. The greed and arrogance that destroyed livelihoods in the developed world were by and large absent in India. The Indian institutions have shown the world that we can be profitable with a human touch.


I was humbled by the sheer number of schemes and efforts of the Indian BFSI Sector to help develop the Indian under privileged. And what better way of celebrating this unique facet of the Indian BFSI sector, other than to recognize their efforts by instituting a series of awards for the best and most deserving of our institutions – a series of awards aimed only at the BFSI sector firms.


The idea of the BFSI Vision CSR Awards was born. A series of awards aimed at celebrating the human side of the Indian BFSI sector. An award to inspire us for greater glory. To lend the award its credibility, we roped in Ashvin Parekh Advisory Services – a boutique advisory services in the BFSI space to be our knowledge partner, and to audit our processes. To make it free from any bias we may have, we decided to stay away from the jury. The jury will be chosen by APAS and not by us. We have a stellar jury lined up.


The award process is under way. We will shortly open the nomination process. And we look forward to your participation. Over the next few weeks, we will examine various facets of the CSR activities of the BFSI sector. We will start the series with the theme of “Women’s Empowerment” Meanwhile please do write to us if you know of any initiative that has caught your attention. We will like to feature it.


Let the process begin.