Mumbai based NKGSB Co-operative Bank has won the Process Innovation Award at the Infosys Finacle Innovation Awards 2026 for its Automation in Loans Module initiative, underscoring the bank’s focus on technology-driven transformation and operational excellence.
The achievement was announced through the official social media handle of Infosys Finacle. The award recognizes NKGSB Bank’s efforts to automate key processes within its loan operations using Finacle’s scripting capabilities.
Sharing details of the initiative, Harshadkumar Patil, Chief Information Officer of NKGSB Co-operative Bank, said the bank leveraged Finacle technology to automate critical processes in the loans module, resulting in stronger regulatory compliance and improved operational efficiency.
According to Patil, the initiative has enabled faster turnaround times, enhanced accuracy, and better alignment between the bank’s IT and business functions. He added that disciplined project management and focused execution helped the bank deliver a scalable solution capable of meeting evolving regulatory requirements while enhancing customer experience.
Patil said the recognition reinforces NKGSB Bank’s commitment to leveraging technology as a strategic enabler of sustainable growth, innovation, and compliance in the cooperative banking sector.
