Question

    ______ has recently been awarded the global

    ‘Celent Model Bank’ award?
    A EXIM bank Correct Answer Incorrect Answer
    B NABARD Correct Answer Incorrect Answer
    C SBI Correct Answer Incorrect Answer
    D IndusInd bank Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    IndusInd Bank has announced that it has been awarded the global ‘Celent Model Bank’ award under the category – ‘Payments System Transformation’ for building a best-in-class Enterprise Payments Hub (EPH). The award acknowledges the Bank’s outstanding journey in creating a cloud-based central payments hub that is capable of seamlessly processing high transaction loads originating across all forms of payment instructions, and across all originating client touchpoints. About the award: The ‘Celent Model Bank’ is awarded for best practices of technology usage in different areas, that are critical to success in banking, and is the main award that a financial institution can receive from Celent – a leading research and advisory firm focused on technology for financial institutions, globally.

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