Wipro upgrades Indian Banking Scenario

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

Wipro Infotech has announced the successful implementation of core banking solution (CBS) for five cooperative banks under National Agriculture Bank for Rural Development (NABARD). The application is hosted from Wipro's Data Center and would be supported for five years from the date of Go Live.

As a part of the contract, Wipro is currently implementing the project for cooperative banks across the states of Bihar, Uttar Pradesh, Maharashtra, Punjab, and Haryana. Phase one of the project will cover State Cooperative Banks (SCBs) and District Cooperative Banks (DCBs) of 10 states. Wipro will computerize 76 banks with approximately 2,790 branches.

  

Anand Sankaran, Senior Vice-President & Business Head, Wipro Infotech, & Global Business Head - Infrastructure Services, Wipro, said: "We are pleased to have successfully crossed the first milestone of this institutional development initiative undertaken by NABARD to strengthen the rural credit delivery system. Considering that the recent regulatory reforms by RBI are expected to make the Indian banking scenario more competitive, this initiative will equip cooperative banks with cost-effective technology and robust infrastructure to support their growth and help them keep pace. More importantly, it will change the face of rural banking by making e-banking facilities available to the rural customer". 

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