South Indian Bank claimed five prestigious awards at the 20th edition of the International Banking Awards 2024, solidifying its position as a leader in the industry.

South Indian Bank (SIB) was recognized at the 20th edition of the Annual Banking Technology Awards 2024 for its innovative approach to banking technology. The awards, organized by the Indian Banks’ Association (IBA), recognize banks that have adopted modern digital solutions to bring about transformational changes in their businesses. SIB was declared the winner in the “Best Tech Talent & Organization” category, while receiving special mentions in four other categories: “Best Digital Sales, Payments & Engagement”, “Best IT Risk Management”, “Best Fintech, & DPI Adoption”, and “Best Financial Inclusion” (as a runner-up). The bank’s Managing Director and CEO, Mr. P R Seshadri, expressed his joy and pride at the recognition, highlighting the bank’s commitment to using technology to enhance customer experience, drive financial inclusion, and ensure secure digital transactions. He noted that the awards encourage the bank to continue its drive towards continuous innovation, uncovering novel banking solutions for all stakeholders, and solidifying its position as a forward-thinking financial institution.