IDBI bags 2 Special IT Awards from IBA

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IDBI bags 2 Special IT Awards from IBA

This article was posted on Jan 17, 2008 and is filed under Press Releases

Industrial Development Bank of India Limited (IDBI), one of India’s leading public sector banks, has bagged two special awards, for “Best Payments Initiative” and “Outstanding Achiever of the Year” – Shri Sanjay Sharma, Advisor-IT for the year 2007 from the Indian Banks’ Association, in recognition of its customer-centric IT initiatives.

IDBI had won IBA’s “IT Team of the Year ” Award in February 2006. In the previous year too, the Bank had walked away with four awards at IBA’s Banking Technology Awards.

The IBA Banking Technology Awards recognize and reward individuals, professionals and banks whose innovative ideas, initiatives, risk, leadership qualities and implementation of the various initiatives have kept their organizations ahead of competition.

About 28 banks (Public sector, Private sector, Foreign and Co-operative banks) had sent in their nominations for various categories of the ‘IBA & TFCI: Banking Technology Awards 2007’.

Shri Yogesh Agarwal, CMD, IDBI, said, “While the awards are a source of deep satisfaction and encouragement for our committed IT Team, they are truly a recognition of our larger corporate philosophy: translating innovative ideas into consumer-friendly technology and, of course, bringing a smile to our customers.”

The technology prowess of the Bank is underscored by the fact that it has also won a string of awards from other esteemed industry bodies like the National Association of Software and Service Companies (NASSCOM) and the Institute for Development and Research in Banking and Technology (IDRBT) in the last couple of years.

In April 2006, IDBI was conferred the “NASSCOM – Best IT User Award 2005” , for Security Practice in Banking, the only banking entity to be so recognized by the apex body for software & ITES. In 2006, IDBI had bagged two special awards in the “Best Internet Bank for Corporate Customers” and “IT Team of the Year” categories.

Sourced From: Adfactors Public Relations Pvt Ltd

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