NPCI institutionalizes National Payments Excellence Awards 2014

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By Ashok Punatar Mob: 9820746494 Email: ashokpunatar@yahoo.com

National Payments Corporation of India (NPCI), the umbrella organization for all retail payments system in the country, has institutionalized ‘National Payments Excellence Awards 2014’ to recognize outstanding achievements in operating various payment systems. Shri H R Khan, Deputy Governor, Reserve Bank of India (RBI) was the Chief Guest at the Excellence Award ceremony, held on December 03, 2014 at Mumbai. The dignitaries present were Shri Balachandran M, Chairman, NPCI; Shri A P Hota, MD & CEO, NPCI, and Shri T M Bhasin, Chairman, IBA.

Awards were in four categories – National Financial Switch (NFS), Cheque Truncation System (CTS), Immediate Payment Service (IMPS) and Automated Clearing House (ACH) system. Special awards were also given for Issuance and Acquiring of RuPay cards and launching innovative payment products using NPCI services as platforms.

NPCI had constituted an eminent and independent Panel of Jury for building the framework and monitoring the evaluation process of Awards.

“The awards mark the initiatives of NPCI in creating new benchmarks in payments processing,” says Shri A P Hota, MD & CE, NPCI. “Excellence Award for NFS operations for example, recognizes the best in terms of Up-time availability, service delivery ratio and customer complaint resolution.”

NFS- National Financial Switch

No Bank Name Position Category

1 State Bank of India Winner Large Banks

 

 

2 HDFC Bank Runner up Large Banks

 

 

3 Yes Bank Winner Mid-sized Banks

 

 

4 Karur Vysya Bank Runner up Mid-sized Banks

 

 

5 Standard Chartered Bank Winner Small Banks

 

 

operative Bank Runner up Small Banks

 

 

IMPS- Immediate Payment Service

 

No Bank Name Position Category

 

1 State Bank of India Winner Public Sector Banks

 

 

2 Punjab National Bank Runner

 

2 Union Bank of India Runner

 

 

3 ICICI Bank Winner Private Sector & Foreign Banks

 

 

4 Axis Bank Runner

 

 

5 Punjab and Maharashtra Co-operative Bank Winner Scheduled Co-operative Banks

 

 

6 The Saraswat Co-operative Bank Runner

 

 

7 Oxigen Services (India) Pvt Ltd Winner Prepaid Issuers

 

 

8 GI Technology Pvt Ltd Runner

 

up Public Sector Banks

 

up Public Sector Banks

 

Up Private Sector & Foreign Banks

 

Up Scheduled Co-operative Banks

 

Up

 

CTS- Cheque Truncation System

 

No Bank Name Position Category

 

1 HDFC Bank Winner Scheduled Banks – Large Banks category

 

 

2 State Bank of India Runner

 

 

3 Nainital Bank Winner Scheduled Banks – Small Banks category

 

 

4 The Saraswat Co-op Bank Winner Scheduled Co-operative Banks & Regional Rural

 

up Scheduled Banks – Large Banks category

 

NACH- National Automated Clearing House

 

No Bank Name Position Category

 

1 HDFC Bank Winner Scheduled Banks – Large Banks category

 

 

2 Indian Bank Runner

 

 

3 IndusInd Bank Winner Scheduled Banks – Mid-sized Banks category

 

 

4 Standard Chartered Bank Runner

 

 

5 Lakshmi Vilas Bank Winner Scheduled Banks – Small Banks category

 

 

6 City Union Bank Runner

 

 

7 The Saraswat Co-operative Bank Winner Scheduled Co-operative Banks & Regional Rural

 

up Scheduled Banks – Large Banks category

 

up Scheduled Banks – Mid-sized Banks category

 

up Scheduled Banks – Small Banks category

 

Special Award for Innovation

 

No Bank Name Position Category

 

1 Andhra Bank

 

 

2 Canara Bank

 

 

3 Union Bank of India

 

 

4 Kotak Mahindra Bank

 

 

5 Yes Bank

 

RuPay

 

No Bank Name Position Category

 

1 State Bank of India

 

 

2 Central Bank of India

 

 

3 Union Bank of India

 

 

4 Bank of India

 

 

5 Punjab National Bank

 

 

6 Bank of Baroda

 

 

7 Indian Bank

 

 

8 Syndicate Bank

 

 

9 Oriental Bank of Commerce

 

 

10 Canara Bank

 

 

About NPCI:

 

National Payments Corporation of India (NPCI) is the umbrella organization of all retail payment systems in India and is set up by the banks in India with the support and guidance from Indian Banks’ Association and Reserve Bank of India.

Www.npci.org.in

One comment

  1. kya bankbazaarbc naam ki company RBI & NPCI me Ragestered hai ya nahi?

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