Wipro Ltd.

US-based FIS Global, in partnership with Wipro, reportedly is the front-runner for Rs 1,000-crore contract to provide IT systems for Bhartiya Mahila Bank. The five-year project requires setting up and managing a core banking application and other technology infrastructure for the country’s first women-focussed bank, a brainchild of the Government of India. The two companies have reportedly demanded Rs 900 crore for the project.

Meanwhile, other contender for the project was Infosys, which had partnered with IBM, was the other major bidder for this deal. Meanwhile, names of Polaris Financial Technology and HP too were doing the rounds. These partners reportedly have quoted a price of over Rs 1,100 crore for the project.

However, the Finance Ministry is expected to take a final call on the bids in the next four weeks. The selected vendor is expected to become the extended arm of the bank's IT division and work in partnership with its various business units.