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Award for SVC Bank

SVC BankSVC Bank received the coveted National Payments Excellence Award 2017 awarded by National Payments Corporation of India (NPCI). The award is the highest recognition in the industry for exceptional performance in payments system. The bank received the award for its outstanding performance in NFS ATM Network and CTS. Ajit Venugopalan, MD and CEO of the bank, said there are efforts being made to graduate from the cheque system to card system and eventually to UPI system in order to provide more convenience to customers, lessen the risk of fraud and thereby get more people included in the digital banking umbrella. The awards were given at a function where B.P. Kanungo, deputy governor, Reserve Bank of India, was the chief guest. Biswamohan Mahapatra, chairman, NPCI, V.G. Kannan, chief executive, IBA and Dr A. S. Ramasastri, director, IDRBT, attended the function.

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