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Wednesday, September 2, 2009

ca Bank has invited bids from prospective vendors to implent c'Jre banking solution in the five regional rural banks sponsored hy it on an ASP model. The five sponsored RRBs are Jaipur Thar Gramin Bank, Kalinga Gramya Bank, Bihar Kshetriya Gramin Bank, l'aschim Banga Gramin Bank and Mahakausal Kshetriya Gramin Bank, which together had around 800 branches in Rajasthan, Orissa, Bihar, West Bengal and Madhya Pradesh. The bank wants the proposed CBS to be deployed on an ASP model and it would award a total contract for the entire services, to be executed on a turnkey basis. The bank has also laid a schedule for implementation
- minimum 25% of each RRB to be covered by CBS t 2009, the next 500,1) branches to be covered by Septeml 100% of the branches to be covered by September 2 view to ensure uniformity in the technology platform business processes at all the five different RRBs, bE proofing against any regulatory consolidation requirem the immediate, the bank has preferred Finacle solutio Technologies. Besides, the bank itself is using Finac feels, would facilitate experience based technical, mal training support to the RRBs from the sponsor bank.

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