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IBA 17th Annual Banking Technology Award 2021

Tags: Awards

Indian Bank Association (IBA) has announced its banking technology award for 2021 on 14 February 2022 . 

Winner Banks lists :

Serial NoCategorySegmentWinner
1Best Technology Bank of the YearLarge banks
Medium Banks
Small Bank
Foreign Bank
RRB
Co-operative Bank

Bank of Baroda
No winner
South Indian Bank
Citi Bank
Baroda Rajasthan Kshetriya Gramin
The Saraswat Coop Bank

2Best Use of AI/ ML T & DataLarge banks
Small Banks
Regional Rural Banks

ICICI Bank Ltd
The South Indian Bank
Telangana Grameena Bank

3Best IT Risk & Cyber Security InitiativesLarge bank
Medium bank
Small Bank
Foreign Bank
Regional Rural Banks
Co-operative Banks
Small Finance/Payments Bank

Union Bank of India
Yes Bank
The South Indian Bank
The Hongkong & Shanghai Banking Corporation
Baroda Rajasthan Kshetriya Gramin
The Saraswat Coop bank
Ujjivan Small Finance Bank

4Best Digital Financial Inclusion InitiativesLarge Banks
Small Banks
Regional Rural Banks

State Bank of India
The Jammu & Kashmir Bank
Baroda Rajasthan Kshetriya Gramin

5Best Payments InitiativesPublic Banks
Private Banks

State Bank of India
ICICI Bank Ltd

6Cloud AdoptionLarge Banks
Medium Banks
Small Banks
Foreign Bank
Regional Rural Bank

Union Bank of India
Yes Bank
Karur Vysya Bank
Citibank N
Baroda Rajasthan Kshetriya Gramin

7Best Fintech AdoptionLarge Banks
Medium Banks
Small Banks
Regional Rural Bank

ICICI Bank
Federal Bank
South Indian Bank
Baroda Rajasthan Kshetriya Gramin

Source IBA 

Indian Bank Association

The Indian Banks' Association (IBA) was formed on September 26, 1946 with 22 members. As of April ,2018 the total Membership of the Association is 239.

It includes Public sector Bank., Private Sector Banks , Foreign Banks , Co-operatives ,Regional Rural Bank,and All India Financial Institutions .

  •  It is a representative body of banks in India to  promote and develop in India sound and progressive banking principles, practises and conventions and to contribute to the developments of creative banking.

  • It helps the government in formulating Human Resources policy for the banking sector .

Current Chairman : UCO Bank CEO Atul Kumar Goel  is the chairman of the Indian Banks' Association (IBA) for 2021-22

Headquarters of IBA : Mumbai 

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