The Institute introduced the Annual Banking Technology Awards to instill a competitive spirit in technology adoption and innovation among the member banks (Public Sector Banks, State Bank of India and Associates).
For the Banking Technology Awards 2003, the Banks were evaluated on a range of parameters. A detailed format covering the various facets of technology implementation in Banks such as Computerisation, Networking Infrastructure, Technology Applications, INFINET Applications, Information Security Audit, Training on various IT aspects, In-House Software Development etc., was designed. Banks also submitted two proposals of Best Branches for consideration based on their internal judgement.
The Screening Committee for this year's Awards consisted of the following members:
The parameters the Banks were evaluated on for various awards include:
|Branch Award for Techno-Savvy and Customer-Friendly Services|
|Punjab National Bank||ECE House||New Delhi|
|Syndicate Bank||Homiji Street||Mumbai|
|Union Bank of India||Juhu Tara Road||Mumbai|
|CATEGORY||THE AWARD||THE WINNER|
|Delivery Channels||Best Bank Award||Corporation Bank|
|Business Computerisation||Best Bank Award||State Bank of Patiala|
|Back Office Applications||Best Bank Award||State Bank of India|
The committee recommended three Branch Awards for three best branches. The committee also made a few recommendations for the 2004 Awards, which includes separate Awards for the rural and semi-urban banking category to encourage the absorption of technology in rural and semi-urban areas.