IndusInd Bank bags the IBA award

MUMBAI, INDIA: IndusInd Bank Ltd announced on Wednesday that it received the prestigious ‘Best use of technology in E-learning Initiatives-2010’ award in the private bank category by Indian Banks’ Association (IBA) on Tuesday, March 2, 2011.

The bank was awarded based on the knowledge management technologies used for internal knowledge sharing and E-Learning with effective measurement and monitoring of training initiatives, said a press release.

The bank was also in the runners up of the ‘Best use of technology in Risk Management’ award. The parameters of this award was based on the steps undertaken to strengthen risk framework during year 2010 and this initiative brought out tangible benefit in monetary, reputation and compliance requirement.

Paul Abraham, COO, IndusInd Bank said, “The effective use of technology is one of the important drivers of growth for our Bank. Training is an effective tool which is important for creating a productive work force and adoption of this channel is a great, low cost/ high coverage initiative for us. We have also put in place a robust risk management system for providing better and secured customer service. This recognition is of great encouragement to all our employees.”