Why was South Indian Bank honored with the Best Technology Bank of the Year Award?

Solution

•     South Indian Bank has been honoured with the title of Best Technology Bank of the Year Award at the 19th IBA Annual Banking Technology Conference, Expo, & Citations. •     The bank’s outstanding performance was recognised with a total of six prestigious awards. •     South Indian Bank excelled across various categories, which include: winner in Best Technology Bank of the Year; winner in Best Tech Talent and Organisation; winner in Best IT Risk and Management; and so on. •     In three categories, the bank emerged as the winner, secured the runner-up position in one, and received special mentions in two others. •     The awards were presented to PR Seshadri, MD & CEO of South Indian Bank, by T Rabi Sankar, Deputy Governor of the Reserve Bank of India, in Mumbai. Learn Along: •     The IBA Annual Banking Technology Conference, Expo & Citations has been an annual event since its inception in 2005. •     Instituted by the Indian Banks’ Association (IBA), it recognises organisations that have brought in transformational changes in their businesses by adopting modern digital solutions.