Continuing its journey towards excellence, J&K Bank has won the ‘Best Digital Financial Inclusion Initiatives’ Award in the prestigious ‘Indian Banks’ Association’s (IBA) ‘17th Annual Banking Technology Conference and Awards: 2020-21.’ In the function that was held virtually on February 14, 2022, the bank was also awarded second best position in ‘Best IT Risk & Cyber Security Initiatives’ under the Small Bank Category.
The awards themed by the IBA – an association of 249 banks operating in India – as ‘Next Gen Banking’ were presented for the year 2020-21 during an online event that was presided over by the Deputy Governor Reserve Bank India (RBI), T Rabi Sankar in presence of Chairman IBA, Sunil Mehta, MD & CEO Punjab National Bank, Atul Kumar Goel and other prominent personalities from the banking industry. J&K Bank was chosen for the top awards by an eminent jury comprising of stalwarts from the banking industry with expertise in technology-based operations.
Dedicating both the awards to the spirit of team-work in J&K Bank, MD & CEO, Baldev Prakash said, “Recognition from such a prestigious platform of bankers’ collective is great acknowledgement for us and a strong indicator that we are moving in the right direction. Such an institutional appreciation will boost our morale as we keep moving towards systemic excellence for attainment of our long-term organisational goals.”
Terming technology as a cutting-edge tool in revolutionizing the digital banking landscape, he said, “We are already gearing ahead towards a robust technological shift within the Bank to leverage optimally the digital dynamic that is fast transforming the country’s banking landscape. Such a recognition will boost our confidence further to sync our operational systems with the security requisites of Digital India.”