Udaipur, May 29 — In a proud moment for Rajasthan’s cooperative sector, The Udaipur Mahila Samriddhi Urban Co-operative Bank Ltd. has bagged two prestigious national awards, elevating the profile of women’s banking in the state. The bank was honored with the “Best Women Urban Co-operative Bank” award and Nipun Chittoda, the bank’s IT Head, received the “Best IT Head of the Year” award under the esteemed Bharat Ratna Sahkarita Samman.
Recognized at National Cooperative Convention in Mumbai
The accolades were conferred during the National Cooperative Convention held on May 23, 2025, at Hotel The Lalit, Mumbai, organized by BoT-B Mumbai — a nationally recognized institution in the fields of cooperation, IT, and banking. The event witnessed participation from co-operative banks across the country.
Dr. Kiran Jain, Chairperson of the bank, and CEO Vinod Chaplot shared details of this recognition, stating that these awards were based on the bank’s stellar performance during the financial year 2024–25.
The awards were presented by Shri Sumnesh Joshi, Joint Secretary, Ministry of IT & Communications, Government of India, and Shri Prabhat Chaturvedi, CEO of the National Urban Cooperative Finance and Development Corporation.
Celebrating Excellence in Banking and Technology
Nipun Chittoda was conferred the Best IT Head of the Year for his outstanding contribution to the bank’s digital transformation and IT innovation. His work was key in strengthening digital infrastructure and promoting secure, tech-driven customer service.
The “Best Women Urban Co-op Bank” award recognized the bank’s overall performance in governance, growth, financial services, and its dedicated efforts in promoting women-centric banking solutions.
Bank representatives — Chairperson Dr. Kiran Jain, Vice Chairperson Vimala Moondda, and IT Head Nipun Chittoda — were present at the event and accepted the honors on behalf of the institution.
A New Milestone for Rajasthan’s Cooperative Movement
These national-level recognitions mark a major milestone for Rajasthan’s cooperative banking sector, placing Udaipur on the map for progressive, women-led financial institutions. The achievements not only reflect the bank’s commitment to inclusive banking but also inspire similar cooperatives across India to embrace innovation and excellence.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
