Srinagar, Oct 19: In a significant acknowledgement of its advanced cyber security framework and practices, J&K Bank has won the Best Risk and Cyber Security Initiatives Award (Small Banks Category) at ASSOCHAM’S 18th Annual Summit & Awards - Banking & Financial Sector Lending Companies themed - Bharat @ 100: Financial Transformation in Amrit Kaal. The Bank also got a runner-up award for its Best Digital Initiatives in the country at the ASSOCHAM summit.
The Bank’s General Manager & Divisional Head (Rest of India) Rakesh Koul received the award in Mumbai today at the hands of former Deputy Governor (RBI) N S Vishwanathan in presence of the Executive Director (RBI) Ajay Kumar Choudhary, Chief Executive IBA Sunil Mehta, Secretary General (ASSOCHAM) Deepak Sood, Bank's Chief Information Security Officer (CISO) Muneer Hassan Kongwani and other dignitaries.
Commenting on the reception of awards, MD &CEO said, “I feel deeply delighted to know that our Bank has been adjudged as the winner for Best Risk and Cyber Security Initiatives besides ranking number two in Best Digital Initiatives in the country at ASSOCHAM’s 18th Annual Summit & Awards on Banking and Financial Sector Lending Companies.”
He attributed the awards to the Bank's commitment to system excellence and commended the dedication and professionalism of the concerned departments.
He further added, “It really is a timely recognition for us as we are in the midst of a great transformation that, I believe, is leading us to become one of the best customer-friendly, secure, digitally smarter and successful financial institutions of the country. The gesture will encourage us to further excel in the rewarded categories. ”
Notably, the organisers had explained the event as a way to recognize, reward and celebrate models of inclusive growth and sustainable development as well as innovative approaches to creating value for society and business together. The underlying principle, as per ASSOCHAM, is that Banking and Financial Sector Lending Companies will highlight their accomplishments that are sustainable in all appropriate areas of operation and exert positive influence on their stakeholders, their peers and their communities.(KNS)