Indian Banks’ Association (IBA) has announced the IBA’s 17th Annual Banking Technology Awards 2021 on February 14, 2022. The list of winners in different categories is given below:
Best Technology Bank of the Year
- In Large Banks segment- Bank of Baroda
- In Small Banks segment- The South Indian Bank
- In Foreign Banks segment- Citibank N.A.
Best Digital Financial Inclusion Initiatives
- Large Banks- State Bank of India
- Small Banks- The Jammu & Kashmir Bank
Best Payments Initiatives
- Public Banks- State Bank of India
- Private Banks- ICICI Bank
Best Fintech Adoption
- Large Banks- ICICI Bank
- Medium Banks- Federal Bank
- Small Banks- The South Indian Bank
Best Use of AI/ ML T & Data
- Large Banks- ICICI Bank
- Small Banks- The South Indian Bank
Best IT Risk & Cyber Security Initiatives
- Large Banks- Union Bank of India
- Medium Banks- Yes Bank
- Small Banks- The South Indian Bank
In total South Indian Bank has won 6 awards in the event.
Source: IBA
About IBA
- It was formed in 1946.
- IBA currently has 247 banking companies as members.
- Chairman- Rajkiran Rai (MD & CEO of Union Bank of India)