Sunday, January 24, 2010

Infosys gained 20 RRB deals

New Delhi: Infosys' Finacle banking solutions, has received orders from 20 Regional Rural Banks (RRBs) for implementation of Core Banking Solution (CBS). Currently, there are 86 RRBs in the country out of which three banks have become 100 percent CBS, reports PTI.

"We have signed 20 deals for implementation of core banking solutions in regional rural banks (RRBs) and we are in talks with other such banks," Infosys Technologies (Finacle) Head Haragopal M told PTI. More orders are likely to come as all the RRBs have to migrate to CBS by September 2011, the deadline set by the RBI. Two of Union Bank of India's sponsored Rewa Siddhi Gramin Bank and Kashi Gomti Samyut Gramin Bank and Punjab National Bank sponsored Haryana Gramin Bank is fully CBS.

Talking about the solution, Haragopal said that Finacle core banking solution for RRBs is a comprehensive, integrated yet modular business solution that effectively addresses their strategic and operational challenges. He added that it is future-proof solution and can be seamlessly integrated with other enterprise applications. With a robust architecture and proven scalability, it ensures protection for the institution's technology investments.

Previous Post's: India can attract foreign direct investment

Home - About us - Register - Downloads - Download Toolbar - Contact us

at 10:02 PM
Labels: ,

LEGAL DECLAIMER

The content available under the terms of GNU Free Documentation License and Creative Commons Attribution-Noncommercial-No Derivative Works 2.5 India License. We're not responsible for any type of damages occured, while using of iEncyclopedia's content. For commercial content licensing, do follow the instructions in the Content Licensing Section to gain the commercial content license.

* * All text is available under the terms of the GNU Free Documentation License.

© iEncyclopedia Society, 2013.