Mumbai: Bank of Baroda (BoB), one of India’s leading public sector banks, has been honoured for its technological innovation and leadership at the Indian Banks’ Association (IBA) 21st Annual Banking Technology Awards 2024–25. The Bank secured accolades across five categories for large banks, winning four awards and receiving one Special Mention.
Major Wins Highlight Technological Leadership
Bank of Baroda was declared the winner in the following categories:
- Best AI and ML Adoption
- Best Fintech and DPI Adoption
- Best IT Risk Management
- Best Tech Talent
In addition to these four wins, the Bank received a Special Mention in the Best Technology Bank category, underscoring its overall excellence in leveraging technology to drive banking operations.
CEO Comments on Recognition
Dr. Debadatta Chand, Managing Director and Chief Executive Officer of Bank of Baroda, said the recognition reflects the Bank’s sustained focus on innovation, robust risk management, and building a resilient technology ecosystem. He added that BoB will continue investing in future-ready digital capabilities to deliver seamless, secure, and customer-centric banking services, while generating long-term value for all stakeholders.
Commitment to Innovation and Customer-Centric Banking
These awards highlight Bank of Baroda’s commitment to leveraging cutting-edge technology to enhance operational efficiency, cybersecurity, and employee skill development. By focusing on artificial intelligence, fintech adoption, and IT risk management, the Bank has strengthened its position as a technology-driven financial institution.
About Bank of Baroda
Founded in 1908, Bank of Baroda serves more than 180 million customers through approximately 65,000 touchpoints across 15 countries. The Bank continues to expand its global digital banking footprint, offering innovative solutions to retail, corporate, and institutional clients while remaining at the forefront of technology-enabled banking.
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