Federal Bank has won the IDRBT Banking Technology Excellence award for 2013-14 in four out of total five categories in the mid-sized lenders segment. The bank was adjudged as the ‘best bank’ for use of Technology for Financial Inclusion, Social Media and Mobile Banking, Business Intelligence Initiatives and for Best IT Team. With this, Federal Bank has won the maximum number of awards this year.
Instituted in 2001, the IDRBT Banking Technology Excellence Awards recognise and honour the best innovative use of information technology to enhance the levels of customer service.
Recently, the bank posted a rise of 6.42% in its net profit at Rs 240.30 crore for the quarter ended September 30, 2014 as compared to Rs 225.81 crore for the same quarter in the previous year. Total income increased by 11.17% at Rs 2065.44 crore for quarter under review as compared to Rs 1857.84 crore for the quarter ended September 30, 2013.
Company Name | CMP |
---|---|
HDFC Bank | 1801.00 |
ICICI Bank | 1296.40 |
Axis Bank | 1079.20 |
Kotak Mahindra Bank | 1744.90 |
Indusind Bank | 944.70 |
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