Guwahati (Assam) [India], August 23 (ANI): State Bank of India (SBI), the country’s largest bank, in partnership with the Indian Institute of Technology Guwahati (IIT-G), successfully concluded the PSB Hackathon Series 2025 — FINNOVATION with a grand felicitation ceremony.
The series, organized under the aegis of the Department of Financial Services (DFS) in coordination with the Indian Banks’ Association (IBA), aims to encourage innovation and drive scalable solutions in fintech and cybersecurity.
Winners were felicitated by M. Nagaraju, Secretary, DFS, in the presence of Challa Sreenivasulu Setty, Chairman, SBI; Prof. Devendra Jalihal, Director, IIT Guwahati; Vinay M. Tonse, MD, SBI; and Atul Kumar Goyal, CEO, IBA, along with other distinguished guests.
The hackathon, focused on the theme “Detecting Loan Defaulters and Tracking Them in the Digital Ecosystem,” was hosted by SBI at IIT Guwahati.
Over a span of 90 days, participating teams worked intensively on developing solutions and prototypes, showcasing the spirit of entrepreneurship and problem-solving.
M. Nagaraju, Secretary, DFS, congratulated the winners and commended the SBI–IIT Guwahati partnership for inspiring young innovators. Speaking at the event, he emphasized the goal of fostering entrepreneurial talent and collaboration between students and banks. Stressing the importance of continuous innovation, cybersecurity, and supporting startups to strengthen the financial sector, he envisioned India’s growth by 2047 and the vital role of finance in achieving it.
He thanked SBI and the organizers, encouraged students to aim higher, and wished them success in future competitions.
C.S. Setty, Chairman, SBI, said, “SBI is proud to collaborate with the Department of Financial Services and IIT Guwahati in promoting fintech and startups. Our technological advancements such as YONO and UPI, along with incubation initiatives for MSME lending and cybersecurity, reflect our commitment to driving India’s tech and financial growth. Industry–academia collaboration is essential to build future-ready solutions, and initiatives like FINNOVATION are vital in fostering that ecosystem. I congratulate all the winners and urge them to continue innovating for India’s financial future.”
The event concluded with a strong message of encouragement to young innovators, reaffirming the role of hackathons like FINNOVATION in shaping India’s digital and financial future. (ANI)
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