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    Question

    Which bank has been awarded the global 'Celent Model

    Bank' award under the category – 'Payments System Transformation'?
    A HDFC Bank Correct Answer Incorrect Answer
    B IndusInd Bank Correct Answer Incorrect Answer
    C Axis Bank Correct Answer Incorrect Answer
    D ICICI Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    IndusInd Bank 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. 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. IndusInd Bank Headquarters: Pune, MD& CEO: Sumant Kathpaliai

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