Karur Vysya Bank bags 3 IT Awards in the Small Banks Category

16 Feb 2022 , 10:05 AM

The technology initiatives of Karur Vysya Bank have been recognized with three awards. At the 17th Annual Banking Technology Conference, Expo & Awards, 2021 conducted virtually by the Indian Bank’s Association on February 14, 2022, the Bank was honored with three awards in the Small Banks Category:

• Best Cloud Adoption – Winner
• Best Use of AI / ML & Data Analytics — Joint Winner
• Best IT Risk & Cyber Security Initiatives — Joint Runner-Up

At around 10.08 am, Karur Vysya Bank Ltd was trading at Rs52.05 per share down by Rs0.4 or 0.76% from its previous closing of Rs52.45 per share on the BSE.

“These awards reiterate the abiding conviction of Karur Vysya Bank that technology if harnessed in the best possible manner, will enable delivery of the finest banking services to customers. KVB has been continuously investing in technology and this has resulted in these honours. We derive great pleasure in dedicating these awards to the valued customers and wellwishers of the Bank”, said Ramesh Babu, Managing Director and CEO of KVB.

Technology has enabled the bank to make such offerings as the KVB DLite Mobile App, the one app that provides complete banking solutions and the Loan Originating System (LOS) that is fully digitalized from application to documentation and disbursal of the loan, thereby enabling almost immediate in-principle sanction of retail and commercial loans and quickest processing and disbursal of the loans.