IDRBT Banking Technology Excellence Awards for the year 2011–12. Has your Bank received an Award?


 On 03/08/2012, Shri Subbarao-RBI Governor, presented the IDBRT Awards 2011-12 to the winners.

The winners for the IDRBT Banking Technology Excellence Awards 2011-12 are:

Award Name

The Winner is

The winner @ the Awards Ceremony was represented by

Best Bank Award Among Large Banks For “Use of Technology for Financial Inclusion”

Canara Bank

Shri S. Raman, CMD

Best Bank Award Among Large Banks For “Use of Technology for Financial Inclusion Best Bank Award Among Large Banks For “Mobile Banking and Electronic Payments”

State Bank of India

Shri Pratip Chaudhuri, Chairman

Best Bank Award Among Small Banks For “Mobile Banking and Electronic Payments”

Federal Bank Ltd.

Shri Shyam Srinivasan, MD & CEO

Best Bank Award Among Large Banks For “CRM & Business Intelligence Initiatives”

State Bank of India

Shri Pratip Chaudhuri, Chairman

Best Bank Award Among Large Banks For “IT Implementation and Management”

ICICI Bank Ltd.

Shri Mukesh Kumar Jain, Chief Technology Officer

Best Bank Award Among Small Banks For “IT Implementation and Management”

Karur Vysya Bank

Shri K. Venkataraman, MD & CEO

Best Bank Award Among Large Banks For “IT for Operational Effectiveness”

HDFC Bank Ltd

Shri Paresh Sukthankar, Executive Director

Best Bank Award Among Small Banks For “IT for Operational Effectiveness”

IndusInd Bank Ltd.

Shri Suresh Pai, Executive Vice President and Advisor

Best Bank Award Among Large Banks For “Managing IT Risk” (This Category of Award is co-sponsored by ISACA)

ICICI Bank Ltd.

Shri Mukesh Kumar Jain, Chief Technology Officer

Best Bank Award Among Small Banks For “Managing IT Risk”(This Category of Award is co-sponsored by ISACA)

Karur Vysya Bank

Shri K. Venkataraman, MD & CEO

In today’s time, technology is the king in every Industry. A need was felt to recognize Banks in India who have leveraged technology to enhance customer delight, regulator delight and most importantly expansion of banking services to the under banked Indian populace.

IDBRT being the premier institute in the Indian Banking technology arena took up the challenge.

The first Awards were presented in 2001 i.e just after the Y2K.

Over the years the category of the Awards has undergone a change, reflecting the trend in the Banking technology.

The earlier awards focused on implementation of branch computerization, Implementation of email Services, INFINET usage and applications, ATM networks, internet banking, etc.

As Banks stabilized the above and started focusing on new areas, the Awards focus shifted to newer categories such as Information Security, IT Governance, Financial Inclusion, Customer Relationship Management etc.,

Initially, the Awards were biased towards Public Sector Banks, as the Private/Foreign Banks had an edge in implementation of technology due to their lineage.

In the later years, Public Sector Banks too started to catch-up with Private/Foreign banks in the technology front and hence the scope of the Awards was extended to all Banks i.e Public Sector/Private/Foreign.

Apart from merit, the size of the banks was taken into consideration, as the size of the Banks determine the technology implementation policies.

The Awards are for achievement during the respective year, rather than cumulative achievements. As the Awards are presented every year, the Banks can plan well in advance to be in the race.

To assist IDBRT in the evaluation process knowledge partners are roped in.

The theme for 2011-2012 awards is ‘best and innovative use of information technology to enhance the levels of customer service and satisfaction.

The Awards were divided in the following six categories:

  1. Use of Technologies for Financial Inclusion

  2. Mobile Banking and Electronic Payments

  3. CRM & Business Intelligent Initiatives

  4. IT Implementation and Management

  5. IT for Operational Effectiveness

  6. Managing IT Risk

There were 30 banks in the race, with 138 nominations. Banks were segregated into large and small category based on deposit size of INR 50,000 crores. Out of 30 banks, 21 were large banks and 9 were small banks.

An eminent jury consisting of Shri K. V. Kamath, Chairman, ICICI Bank & Infosys (Chairman of the Jury), Dr. R. B. Barman, Former Executive Director, Reserve Bank of India; Prof. G. Sivakumar, Professor, Indian Institute of Technology, Bombay; Dr. K. Ramakrishnan, Chief Executive, Indian Banks Association; and Prof. U.B. Desai, Director, Indian Institute of Technology, Hyderabad; adjudged the banks.

The IDBRT Awards have a prestige of their own, and are mentioned in the respective Bank’s Annual Report. There is wide coverage in the Press today.

3 thoughts on “IDRBT Banking Technology Excellence Awards for the year 2011–12. Has your Bank received an Award?”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s