Dhanlaxmi Bank wins CSI Award 2011 for excellence in IT
December 14, 2011‐ 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.
About Dhanlaxmi Bank:
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.
During the last three years, Dhanlaxmi Bank's total deposits increased from Rs.3,936 crore as on September 30, 2008 to Rs. 13,815 crore as on September 30, 2011, advances rose from Rs. 2,490 crore as on September 30, 2008 to Rs. 10,130 crore as on September 30, 2011. The bank's total business stood at Rs. 23,945 crore, as on September 30, 2011 with total asset base at Rs. 16,452 crore.
The shares of the bank are listed on the Bombay Stock Exchange Limited, the National Stock Exchange of India Limited and the Cochin Stock Exchange.
For additional information please log on to www.dhanbank.com
For media queries please contact:
Associate Vice-President, Corporate Communications
Mobile: +91 - 96198 58132
Other top banking news
- Bharatiya Mahila Bank aims at adding 55 new branches in FY 2014-15 (March 11, 2014)
- Indian banking sector to be hit with Microsoft withdrawal of support for XP (March 4, 2014)
- Withdrawal of old Currency Notes in circulation in India (February 22, 2014)
- Linking of MNREGS with the Banking System (February 22, 2014)