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IBA 17th Annual Banking Technology Awards 2021

Published on February 19, 2022
Current Context: The Indian Banks’ Association (IBA) announced the winners of the 17th edition of the Annual Banking Technology Awards 2021.
IBA 17th Annual Banking Technology Awards 2021
  • 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
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