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State Bank of India
Source Name: State Bank of India

SBI Wins IDRBT Banking Technology Awards – 2014

SBI won awards in two categories - "Electronic payment systems” and “best use of technology for financial inclusion” in the large bank category

Nov 03, 2014   12:45 IST 
Mumbai, Maharashtra, India

State Bank of India won two IDRBT Banking Technology Excellence Awards 2014 for “Electronic Payment Systems” and “Best use of technology for Financial Inclusion” in the large bank category, at the 10th edition of the awards held at IDRBT, Hyderabad, on 15th October 2014. Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, was the Chief Guest on this special occasion.

 

The awards were received by Shri B. Sriram, MD & GE (NB), Shri N Jambunathan, DMD & Shri K Ramachandran, CIO and CGM (CTO) of SBI, from the Governor of RBI, Dr Raghuram G. Rajan.

With the largest ATM network in the country State Bank of India provides the largest bouquet of value added services through its ATMs including E-TDR-STDR, State Bank Collect, Online Account Opening etc. through its Internet Banking channel. It has also taken a huge plunge in Mobility solutions and provided a host of services through mobile apps. INB suite in a mobile app named “STATE BANK ANYWHERE” in both android, IOS and blackberry versions was launched recently for enhanced customer experience. ‘SBI FINDER’ app in android, IOS and Windows version has been launched which is a locator app for its ATMs, CDMs, Branches and E-corners besides having a centralized Complaint Management System for resolving customer’s grievances (electronic payments related) at Branches / CPC’s / Contact Centre / RBO’s / LHO’s / Corporate office.

State Bank of India innovatively deployed solutions like Kiosk Banking, SBI Tiny card, and Biometric enabled cell phone based banking to reach out to the to provide financial services at affordable cost to the un-banked or underserved rural poor. It adopted multi products approach for connecting Financial Inclusion (FI) customers to the financial services. As on Sept 2014 the Bank had opened over 42 million FI accounts with over 596.19 lakh transactions amounting to Rs. 17227.11 Crore through the FI channels of the Bank.


 
 
Shri B. Sriram, MD & GE (NB), SBI and Shri N Jambunathan, DMD & CIO, SBI receives ‘Best use of technology for Financial Inclusion Award’ by Dr. Raghuram G. Rajan, Governor, RBI.
Shri B. Sriram, MD & GE (NB), SBI and Shri N Jambunathan, DMD & CIO, SBI receives ‘Best use of technology for Financial Inclusion Award’ by Dr. Raghuram G. Rajan, Governor, RBI.
Shri B. Sriram, MD & GE (NB), SBI and Shri K Ramachandran, CGM (CTO), SBI receives ‘Electronic Payment Systems Award’ by Dr. Raghuram G. Rajan, Governor, RBI.
Shri B. Sriram, MD & GE (NB), SBI and Shri K Ramachandran, CGM (CTO), SBI receives ‘Electronic Payment Systems Award’ by Dr. Raghuram G. Rajan, Governor, RBI.
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