Mumbai/Chennai : City Union Bank (CUB) has achieved a significant milestone by winning six major accolades at the prestigious IBA Technology Awards 2024–2025, presented during the 21st Annual Technology Conference, Expo & Citations held in Mumbai on Friday, January 9, 2026. The awards were presented by T. Rabi Sankar, Deputy Governor, Reserve Bank of India, to N. Kamakodi, Managing Director & CEO, City Union Bank, in recognition of the bank’s sustained commitment to technology-driven banking, digital innovation, and robust IT governance.
City Union Bank emerged as Winner in five key categories:
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Best AI & ML Adoption
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Best Technology Bank
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Best Digital Financial Inclusion
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Best Digital Sales
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Best IT Risk Management
Additionally, CUB was declared Runner-up for Best Fintech & DPI Adoption, highlighting its strong integration with India’s Digital Public Infrastructure (DPI) ecosystem. The Indian Banks’ Association (IBA) Technology Awards are considered the most prestigious recognition in the Indian banking industry, evaluating banks across public, private, cooperative, small finance, payment, regional rural, and foreign banking segments.
This marks the third consecutive year that City Union Bank has secured six or more awards at the IBA Technology Awards, reaffirming its consistent focus on innovation, digital transformation, and secure banking infrastructure.
The awards were adjudicated by an eminent jury comprising:
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Dr. Deepak B. Phatak, Professor Emeritus, IIT Bombay
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Dilip Asbe, MD & CEO, NPCI
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Gagan Rai, Former MD & CEO, NSDL
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Padmaja Chunduru, Former MD & CEO, Indian Bank
CUB’s achievements reflect its balanced approach to technology-led banking with a human touch, combining AI-driven intelligence, digital inclusion, strong IT risk management, and customer-centric digital platforms while serving semi-urban and rural markets effectively.