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 Guidance Note on Audit of Banks (2024 Edition)

Awardees of the ‘ICAI Awards for Excellence in Financial Reporting’ for the year 2016-17.
January, 31st 2018
                               AWARDEES FOR THE YEAR 2016-17

      For `ICAI Awards for Excellence in Financial Reporting' for the year 2016-17, the Panel of
      Judges meticulously considered the financial and other information contained in the Annual
      Reports and Accounts of the participating enterprises and wherever the entities were not
      fulfilling the benchmark of `Excellence in Financial reporting' decided not to give away an
      award. The awardees for the competition for the year 2016-17 are detailed hereunder:

Category                     Award                    Name of the Entity          Annual Report
                                                                                  and Accounts for
                                                                                  the year ended
I         Public Sector                                          Nil
          Banks



II        Private Sector     Plaque for Commended     Kotak Mahindra Bank         March 31, 2017
          Banks (including   Annual Report            Limited
          Foreign Banks)
                             Plaque for Commended     HDFC Bank Limited           March 31, 2017
                             Annual Report
III       Co-operative       Decided not to give any award in this category
          Sector Banks








IV        Life Insurance     Silver Shield            ICICI Prudential Life       March 31, 2017
                                                      Insurance Company Ltd.

                             Plaque for Commended     HDFC Standard Life          March 31, 2017
                             Annual Report            Insurance Company Ltd.

V         Non-Life           Decided not to give any award in this category
          Insurance
VI     Financial           Decided not to give any award in this category
       Services Sector
       (Other than
       Banking and
       Insurance)

VII    Manufacturing       Silver Shield            Coromandel International   March 31, 2017
       and Trading                                  Limited
       Sector (including
       entities engaged
       in processing,
       mining,
       plantations, oil
       and gas
       enterprises)
       (Turnover equal
       to Rs. 3000 crore
       or more)

VIII   Manufacturing     Silver Shield              Atul Limited               March 31, 2017
       and Trading
       Sector (including
       entities engaged
       in processing,
       mining,
       plantations, oil
       and gas
       enterprises)
       (Turnover equal
       to and between
       Rs. 500 crore and
       Rs. 3000 crore)


IX     Manufacturing       Gold Shield              Kewal Kiran Clothing       March 31, 2017
       and Trading                                  Limited
       Sector (including
       entities engaged
       in processing,
       mining,
       plantations, oil
       and gas
       enterprises)
       (Turnover less
       than Rs. 500
       crore)
X       Service Sector       Silver Shield              Mindtree Limited              March 31, 2017
        (Other than
        financial services
        sector) (Turnover    Plaque for Commended       Tata Consultancy Services March 31, 2017
        equal to or more     Annual Report              Limited
        than  500 crore)
XI      Service Sector       Decided not to give any award in this category
        (other than
        financial services
        sector) (Turnover
        less than  500
        crore)






XII     Not-for- Profit      Gold Shield                The Akshaya Patra             March 31, 2017
        Sector                                          Foundation

                             Plaque for Commended       Vidya Dairy                   March 31, 2017
                             Annual Report

XIII    Infrastructure       Decided not to give any award in this category
        and Construction
        Sector (Turnover
        equal to more
        than  500 crore)
XIV     Infrastructure       Decided not to give any award in this category
        and Construction
        Sector (Turnover
        less than  500
        crore)




    Disclaimer: The awardees have been selected by the panel of judges on review of accounting
    practices adopted by the participating enterprises in the preparation of their financial statements
    without regard to their financial condition and operating performance. Accordingly, the awards
    signify that the accounting policies followed by the concerned enterprise are the best amongst the
    enterprises that have participated in the Competition.

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