Wednesday, July 18, 2012

7 district co-op banks in Kerala join NABARD core banking drive

Seven district cooperative banks have joined the core banking solution project phase II of the National Bank for Agriculture and Rural Development (Nabard).
They are based in Thiruvananthapuram, Kollam, Kottayam, Idukki, Kasargod, Kozhikode and Wayanad districts, a spokesman for the regional office of Nabard said.


Wipro will be the service provider. The project will be launched on August 1 and completed across 344 branches of these banks by March 31, 2013.
A total of 163 State and Central cooperative banks have joined the initiative of core banking solution (CBS) for cooperative banks.


These are drawn from the 10 states of Punjab, Haryana, Gujarat, Maharashtra, Uttar Pradesh, Chhattisgarh, Madhya Pradesh, Bihar, Tamil Nadu and Karnataka.
An estimated 5,543 branches of these banks would migrate to the CBS platform once the roll out is completed expectedly by December 31.

No comments:

Post a Comment