Srinagar: Jammu and Kashmir Bank Wednesday bagged Best Technology Bank of the Year Award presented by India Banks’ Association (IBA) for the year 2019-20.
The bank also was runner up in the category of Best Digital Financial Inclusion Initiatives Award.
The Bank’s Chairman and Managing Director R K Chhibber received the award from IBA- an association of 249 banks operating in India-in a virtual award ceremony held today.
Notably, IBA’s 16th Annual Banking Technology Awards are aimed at recognizing the best-of-the-breed Indian banks across various categories.
J&K Bank was chosen for the top award by jury comprising of experts, stalwarts and senior functionaries from the banking industry.
Expressing his happiness over the award, Chibber said it was a recognition of J&K Bank’s relentless efforts to upgrade its technology and information security. “We see the awards as an acknowledgement from the stalwarts of banking industry and feel humbled by the recognition. It is a major award and will boost our focused efforts to increase our digital footprint across our operational geography.”
He said in today’s age technology was playing critical role in expanding the scope and scale of banking and financial services in the country.
“Technology has democratized the financial landscape to a great extent and we see technology as one of the great enablers of financial inclusion besides enhancing the operational efficiency of the banks in general. As a futuristic financial institution we too will continue to invest our best resources to develop robust technological frameworks focused on cyber security besides keep on fine tuning the digital offerings.”, he said.
