CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank has won the Best Technology Bank of the Year award among the Large Banks segment in IBA’s 17th Annual Banking Technology Awards 2021?
A
ICICI Bank
B
Union Bank of India
C
State Bank of India
D
Bank of Baroda
Explanation: 

Detailed explanation-1: -IBA ’s 17th Annual Banking Technology Awards 2021: South Indian Bank won 6 awards Including Best Technology Bank of the Year. The South Indian Bank (SIB), headquartered in Thrissur, Kerala, has won 6 awards at the Indian Banks’ Association (IBA)’s 17th Annual Banking Technology Awards 2021.

Detailed explanation-2: -Union Bank of India has been awarded as winner under Large Banks category (Public and Private) for 1. Best Technology Bank 2.

Detailed explanation-3: -IBA Awards has recognized technologies and practices in the banking industry. The Kerala-headquartered South Indian Bank has bagged six awards, including ‘Best Technology Bank of the Year’ at the 17th edition of the annual IBA Banking Technology Awards.

Detailed explanation-4: -Mumbai, December 8, 2022: Bank of Baroda (Bank), one of India’s leading public sector banks, has been awarded the “Best AI & ML Bank” among Large Banks at the prestigious Indian Banks’ Association’s 18th Annual Banking Technology Awards held in Mumbai recently.

Detailed explanation-5: -South Indian Bank won prestigious coveted Banking Frontiers Finnoviti Awards, 2022 for Robotic Automation of Merchant Credit Processing. South Indian Bank has won big at the prestigious Banking Technology Awards 2021 instituted by the Indian Banks’ Association.

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