Karur Vysya Bank bags 3 IT Awards

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 yesterday, the Bank was honoured 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

"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 Mr. 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.

Shares of Karur Vysya Bank Limited was last trading in BSE at Rs. 52.45 as compared to the previous close of Rs. 51.65. The total number of shares traded during the day was 612773 in over 3082 trades.

The stock hit an intraday high of Rs. 52.90 and intraday low of 50.45. The net turnover during the day was Rs. 31597630.00.

Source : Equity Bulls

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KarurVysyaBank INE036D01028 KVB ITAwards