• Wins 6 Prestigious Accolades: Winner in three classes, runner-up in a single, and particular mentions in two classes

South Indian Bank wins the celebrated title of Best Technology Bank of the Year Award on the nineteenth IBA Annual Banking Technology Conference, Expo & Citations. The Bank’s distinctive efficiency was celebrated with a complete of six prestigious accolades. The Bank emerged victorious in three classes, secured the runner-up place in a single, and acquired particular mentions in two others. The awards had been introduced to Mr. P. R. Seshadri, MD & CEO, South Indian Bank by Mr. T. Rabi Sankar, Deputy Governor, Reserve Bank of India throughout the award ceremony held at The Trident, Mumbai. The Bank’s Senior Leadership Team graced the occasion, including status to this exceptional accomplishment.

The IBA Annual Banking Technology Conference, Expo & Citations is an annual occasion since its inception in 2005. Instituted by the Indian Banks’ Association (IBA), it recognises organisations which have introduced in transformational modifications of their companies by adopting trendy digital options.

South Indian Bank excelled throughout numerous classes. The classes the place the Bank triumphed contains:

1. Best Technology Bank of the Year- Winner
2. Best Tech Talent and Organization – Winner
3. Best IT Risk and Management – Winner
4. Best Financial Inclusion – Runner Up
5. Best Digital Sales, Payment, and Engagement – Special Mention
6. Best Fintech & DPI Adoption – Special Mention

Mr. P. R. Seshadri, MD & CEO, South Indian Bank stated, “The consistent recognition at the IBA Banking Technology Conference, Expo & Citations is a testament to our efforts towards digitization of our banking operations, including the introduction of digitally-enabled products and services catering to the diverse needs of our customers. These awards encourage us to continue leveraging technological innovations to enhance our operational efficiency.” 

The award ceremony was graced by luminaries from the banking sector, with Dr. Deepak B. Phatak, Professor Emeritus at IIT Bombay and the Jury Head for the awards, lauding South Indian Bank’s technological prowess in his introductory tackle. Prominent personalities from the banking trade, corresponding to Mr. T. Rabi Sankar Deputy Governor – Reserve Bank of India, Mr. A. Okay. Goel, IBA Chairman and PNB MD & CEO, and Mr. Sunil Mehta, IBA Chief Executive, enhanced the splendour of the event by presenting awards to the honourees.

About South Indian Bank:

South Indian Bank is a Kerala-based non-public sector financial institution with a nationwide presence. The Bank’s shares are listed on The Stock Exchange Mumbai (BSE) and The National Stock Exchange of India Ltd., Mumbai (NSE). [South Indian Bank has 953 branches, 3 Ultra Small Branches, 3 Satellite Branches, 1188 ATMs, and 133 CRMs across India and a representative office in Dubai, UAE. For more information, please log on to www.southindianbank.com.