Mumbai, November 12, 2026: IDBI Bank has successfully concluded the Grand Finale of IDBI Innovate 2026, its flagship hackathon initiative aimed at encouraging innovation, strengthening fintech collaboration and accelerating digital transformation in banking.
Organised under the theme “Build. Integrate. Transform.”, the initiative brought together startups, fintech companies, working professionals and innovators from across the country. Participants were invited to develop secure, scalable and customer-centric solutions addressing key business and operational challenges in the banking sector.
The hackathon featured four thematic tracks and attracted an encouraging response from India’s innovation community.
The selection process involved multiple stages, including technical assessments, solution demonstrations, Proof of Concept development and deployment on the Bank’s Sandbox platform, IDBI Innobox, followed by jury evaluations. Winners and runners-up across all four tracks were identified and felicitated at the Grand Finale held on November 3, 2026.
Speaking at the occasion, IDBI Bank MD and CEO Shri Rakesh Sharma highlighted the importance of innovation in building a resilient, agile and future-ready banking institution.
He emphasised the Bank’s focus on leveraging emerging technologies to improve customer experience, enhance operational efficiency and strengthen digital capabilities, while maintaining high standards of security and regulatory compliance.
The Grand Finale featured presentations by the winning and runner-up teams, showcasing solutions with the potential to improve the security, efficiency and accessibility of banking services.
Through initiatives such as IDBI Innovate 2026, the Bank aims to deepen its engagement with India’s fintech ecosystem and explore emerging technologies in banking and financial services.
The initiative reflects IDBI Bank’s continued focus on digital transformation, customer-centric innovation and strengthening its position as a technology-led financial institution.
