- The awards are celebrated ‘Next Gen Banking’ to recognize and award the technologies and practices in the banking industry which have contributed at a high rate to the banking sector in the last year.
- Winners in each category are:
- Best Technology Bank of the Year: Bank of Baroda (Large Banks segment), South Indian Bank (Small Banks segment), Citibank N.A (Foreign Banks segment), Baroda Rajasthan Kshetriya Gramin (RRB segment), Saraswat Coop bank (Co-operative Banks segment).
- Best Digital Financial Inclusion Initiatives: State Bank of India (Large Banks segment), Jammu & Kashmir Bank (Small Banks segment), Baroda Rajasthan Kshetriya Gramin (RRB segment).
- Best Payments Initiatives: State Bank of India (Public Banks segment), ICICI Bank (Private Banks segment).
- Best Fintech Adoption: ICICI Bank (Large Banks segment), Federal Bank (Medium Banks segment), South Indian Bank (Small Banks segment), Baroda Rajasthan Kshetriya Gramin (RRB segment).
- Best IT Risk & Cyber Security Initiatives: Union Bank of India (Large Banks segment), Yes Bank (Medium Banks segment), South Indian Bank (Small Banks segment), Hongkong & Shanghai Banking Corporation Ltd (Foreign Banks segment), Baroda Rajasthan Kshetriya Gramin (RRB segment), Saraswat Coop bank (Co-operative Banks segment), Ujjivan Small Finance Bank (Small Finance/Payments Banks segment).
- Best Use of AI/ ML T & Data: ICICI Bank (Large Banks segment), South Indian Bank (Small Banks segment), Telangana Grameena Bank (RRB segment).
- Best Cloud Adoption Initiatives: Union Bank of India (Large Banks segment), Yes Bank (Medium Banks segment), Karur Vysya Bank (Small Banks segment), Citi bank N.A (Foreign Banks segment), Baroda Rajasthan Kshetriya Gramin (RRB segment).
- Static Part:
- HQ of IBA: Mumbai
