Federal Bank bags IDRBT Banking Technology Excellence award

Kerala-based Federal Bank has won the IDRBT Banking Technology Excellence award for 2013-14 in four out of total five categories in the mid-sized lenders segment.
Federal Bank was adjudged as the 'best bank' for use of Technology for Financial Inclusion, Social Media and Mobile Banking, Business Intelligence Initiatives and for Best IT Team, becoming the bank to have won the maximum number of awards this year, is said in a statement.
The awards were presented to the winners at a function held in Hyderabad on October 1. Shyam Srinivasan, the bank's Managing Director and CEO, received the awards from RBI Governor Raghuram Rajan.

Instituted in 2001, the IDRBT Banking Technology Excellence Awards recognise and honour the best innovative use of information technology to enhance levels of customer service.