MUMBAI: Dhanlaxmi Bank, one of India’s fastest growing mid-size private sector banks, has been presented the coveted CSI Award 2011 by the Computer Society of India (CSI) for achieving excellence in information technology. The bank has been awarded for using technology to achieve significant organizational expertise and competitiveness.
CSI, the largest association of IT professionals in the country, annually confers CSI Awards to encourage innovation and indigenous development in the field of information technology for organizations operating across various sectors.
In the Banking Financial Services and Insurance (BFSI) industry, among the 22 organizations which participated, Dhanlaxmi Bank was amongst the six which were short-listed. The bank was recognized for implementing innovative projects critical in nature for improvement of customer service, operational efficiency and return of investment.
Speaking on the occasion, Mr. Muralidharan R, Chief Operating Officer, Dhanlaxmi Bank, said, “We have always believed in deploying enterprise solutions to aid organizational excellence. This CSI Award bears testimony to our commitment in implementing solutions critical for the overall business.”
Last month, the bank was also awarded the prestigious EDGE Award 2011 by New-York headquartered InformationWeek’s India unit for using information technology to transform its technology infrastructure and maximize business impact.
“The awards rightfully demonstrate industry recognition for Dhanlaxmi Bank’s enterprise initiatives and overall achievements,” Mr. Muralidharan added.
Dhanlaxmi Bank is an 84-year old bank, being incorporated in 1927 at Thrissur, Kerala. In the last three years, it has transformed into a well diversified bank with a pan-India presence from being an SME focused South India based bank. With a network of 275 branches and 404 ATMs covering 140 centers across 14 states, the bank services a broad customer base of over 2 million. The bank provides a suite of banking products and services to its customers across Retail Banking, Wholesale Banking, Microfinance and Agricultural Lending and Small and Medium Enterprises Group.