Which of the following Private sector bank has successfully deployed Software Robotics for power banking operations.

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which of the following Private sector bank has successfully deployed ‘Software Robotics’ for power banking operations.

A	ICICI Bank
B	Axis Bank
C	Yes Bank
D	Kotak Mahindra Bank

Explanation:

Detailed explanation-1: -Announcing the deployment of ‘Software Robotics’, Ms. Chanda Kochhar, MD & CEO, ICICI Bank, said, “ICICI Bank has a legacy of pioneering innovations in technology to create propositions that provide increased convenience to customers.

Detailed explanation-2: -The correct answer is ICICI Bank. ICICI Bank was one of the first in the country and among a few, globally, to deploy ‘Software Robotics’ that emulates human actions to automate and perform repetitive, high volume and time-consuming business tasks cutting across multiple applications.

Detailed explanation-3: -Nedungadi Bank was the first private sector commercial bank to be set up in South India. Appu Nedungadi established the bank in 1899, in Calicut, Malabar District, British India (present day Kozhikode, Kerala, India).

Detailed explanation-4: -As of March 2021, with total assets of more than 15 trillion Indian rupees, HDFC Bank is the largest private sector bank in India.

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