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Allahabad bank to deploy core banking solution

Our Bureau

Kolkata , April 28

ALLAHABAD Bank is putting in place a core banking solution that will involve one hundred branches by March next year. Other branches will be covered subsequently.

The bank, according to Mr O.N. Singh, CMD, is working out a technology plan that will help it improve operational efficiency. The core banking solution formed a key part of this plan. He was addressing the members of the Merchants' Chamber of Commerce on Wednesday.

Allahabad Bank, which recently celebrated its 140th year, hopes to come out with new products, aimed at emerging classes of borrowers. ``New products will be driven by need and demands expressed by the market,'' Mr Singh said.

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