Page 26 - Banking Finance November 2017

PRESS RELEASE

State Bank of India wins ‘Best Bank Award’ under two categories

SBI receives ‘Best Bank Award for Use of
Technology for Financial Inclusion Among
Large Banks’.
Bank has been at the forefront of Financial
Inclusion initiatives in the country. Our Bank
is the pioneer in the Business Correspondent
(BC) model, an alternative for providing
banking services to cater to both urban and
rural customers, characterised by small value
transactions. The BC model, with over 52,340
Customer Service Points (CSPs) across the
country, provides various products and
services such as savings, term deposits, micro
loans, remittances, loan repayments, micro
insurance and pensions. Our Bank has been
amongst the most prolific implementers of
(L to R) A S Ramasastri (Director, IDRBT), Sudarshan Sen (ED, RBI), Amit Saxena the Pradhan Mantri Jan Dhan Yojana
(Dy. CTO (e-Channels), SBI), S. Ganesh Kumar (ED, RBI), D. A. Tambe (CGM IT- (PMJDY). The Bank has actively participated
TCM), SBI) in SHG-Bank Credit linkage programme since
its inception and is the market leader in SHG
State Bank of India won the ‘Best Bank Award for Use of financing. Continued focus on the development of innovative,
Technology for Financial Inclusion Among Large Banks’ and technology-enabled channels for delivering banking services
‘Best Bank Award for Electronic Payment Systems among among the rural populace has resulted in the successful
Large Banks’ in the Thirteenth Edition of the IDRBT Banking launch of several new initiatives like Aadhaar Enabled
Technology Excellence Awards held on 1st September, 2017 Payment Systems, automated e-KYC, Immediate Payment
in IDRBT, Hyderabad. Service (IMPS), Micro
The IDRBT Banking Technology Excellence Awards are
ATM rollout, Savings Bank-cum-Overdraft facility under
synonymous with excellence in technology adoption, PMJDY and Direct Benefit Transfer (DBT)/Direct Benefit
upgradation, absorption and innovation. In its 13th edition Transfer for LPG (DBTL) payments.
this year, the IDRBT Banking Technology Excellence Awards,
are the benchmark for recognizing banks, which innovate and SBI receives ‘Best Bank Award for Electronic Payment
explore technology to improve cost, reach, customer service Systems among Large Banks’
and efficiency. Pioneering and out-of-the-box approaches in Payment systems, of late, have become the most sought
the usage of technology for improving productivity and after aspect of banking business because of the growing
profitability are recognized through these awards. penetration of smart phones and e-commerce. Our Bank’s
Net Banking website ‘www.onlinesbi.com’ is the fifth most
The top management of the Reserve Bank of India and
visited online banking site in the world and the only one from
Indian banks including Managing Director & CEOs, CIOs and
IT Chiefs of Public, Private and Foreign Banks participated India to figure in the Top 5 Global Online Banking Sites
in this special function at IDRBT, Hyderabad. (Source: Similar Web). The Bank provides robust and
customer friendly Net Banking Platform to its Retail,
Shri S. Ganesh Kumar and Shri Sudarshan Sen, Executive
Corporate and Government customers. The ATM channel
Directors, Reserve Bank of India, presented the IDRBT
provides a sophisticated Debit Card Management System
Banking Technology Excellence Awards for the year 2016 –
for handling various customer requests related with linking/
17 to all the winners.
delinking, blocking and unblocking of the Debit Card, for also
Shri D A Tambe, CGM (IT-TCM) and Shri Amit Saxena, Dy. provided conveniences such as Green PIN through alternate
CTO (E-channels) received the Awards on behalf of the Bank. channels viz. ATM, INB, IVRS, SMS.

26 | 2017 | NOVEMBER | BANKING FINANCE

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