Karnataka Bank bags digital transformation awards of CII

Karnataka Bank bags digital transformation awards of CII: The Confederation of Indian Industry (CII) has awarded Karnataka Bank the National Digital Transformation Awards – DX 2022 Awards — for best practice in digital transformation in the BFSI (banking, financial services, and insurance) area.

Karnataka Bank bags digital transformation awards of CII: Key Points

• Employee engagement, operational excellence, and customer experience are the three categories recognized by the awards for “innovative excellence.”
• The bank’s ‘KBL Vikaas’ program, which debuted in 2017, laid a solid basis for digital transformation. The bank also launched ‘KBL NxT‘ in 2021 in an attempt to become the “digital bank of the future”.
• Customer experience, operations, human resources, technology, cyber security, digital marketing, and partnerships are among the areas where the bank is focusing on digitization. Digital transformation has begun to pay a significant dividend to the bank It will continue to be a win-win situation for both clients and the bank.

About DX Awards 2022

DX Awards 2022 recognizes innovative digital strategies and solutions that are redefining company models and processes and generating growth in new and existing industries. The awards highlight innovative, robust, and sustainable initiatives for the introduction or adoption of digital technology and serve as a model for other industries on their digital transformation journey. The prize covers all industries, including automotive, agriculture, healthcare, electronics and information technology, fast-moving consumer goods (FMCG), cyber security, banking, and financial institutions, and so on.

About Karnataka Bank

• On 18th February 1924, India saw the incorporation of Karnataka Bank Limited, one of the country’s top “A” Class Scheduled Commercial Banks.
• Karnataka Bank was among the first to implement the Core Banking System in 2000 after realizing the value of having a Centralized Banking System. With the help of this technology, we were able to store and manage every customer’s account from the Bangalore Data Center.
• Headquarter is in Mangaluru, Karnataka
• CEO of Karnataka Bank is Mahabaleshwara M. S
• Current chairman of the bank is P Pradeep Kumar