Wipro’s IT Business unit implements CBS for co-operative banks
Date: 31-07-2012Wipro’s IT Business unit - Wipro Infotech, has executed a Core Banking Solution (CBS) for five co-operative banks under the National Agriculture Bank for Rural Development (NABARD). The application is hosted from Wipro’s data centre and will be supported for five years from the date of commencement.
The company is currently implementing the project for co-operative banks across Bihar, Uttar Pradesh, Maharashtra, Punjab and Haryana, as part of the contract. Phase one of the project will cover State Co-operative Banks and District Co-operative Banks of 10 states. It will computerize 76 banks with approximately 2,790 branches.
With this initiative, account holders can receive e-payments towards subsidy and various other government schemes in their accounts directly. Remittance of funds from the cities to the villages and vice-versa will be done easily at a bank branch in the village. The banks will now be able to provide latest e-banking facilities like ATM facility, utility bill payment, mobile banking, e-payments etc. to customers in remotest of places.