IDBI Bank, along with the technology partner Oracle won the Asian Banker Technology Implementation Award 2011 for Best Data and Analytics Project for implementing an analytics solution that measures and analyses interest rate and liquidity risks, integrates its performance management framework and conducts faster and robust scenario analyses. Asian Banker’s press release on the subject says ‘over 50 financial institutions from 15 countries across Asia Pacific, Gulf region and Central Asia were evaluated as part of the Technology Implementation Awards Programme 2011’.
The award was received by Shri Iswar Padhan, General Manager and Shri Anirudh Behera, Deputy General Manager, IDBI Bank along with Shri Rajeev Nair, Associate Consultant, IDBI Intech and Shri Arvind Girotra, Senior Solution Architect Manager - Asia Pacific, Oracle in a function organized by the Asian Banker in Hong Kong.
About IDBI Bank
IDBI Bank Ltd. is a universal bank that rides on a cutting edge core banking Information Technology platform. This enables the Bank to offer personalized banking and financial solutions to its clients through its 816 branches and 1373 ATMs. The Bank has an aggregate balance sheet size of Rs. 2,21,098 Crore as on December 31, 2010. IDBI Bank's operations during the nine month ended December 31, 2010 resulted in a net profit of Rs.1134 crore.