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Chennai, Sept. 28

Laser Soft Infosystems has implemented its software product "e-circular" for Syndicate Bank. The product delivers circulars, application forms and loan agreements from the head office to branch offices. The software works on the existing intranet of the bank, said a press release. Mr B. Suresh Kamath, Managing Director, Laser Soft Infosystems Ltd, said that with "e-circular" banks would be able to save up to Rs 1 crore per 500 branches annually. The software has been implemented in 5,000 branches of State Bank of India, 1,000 branches of Corporation Bank and United Bank of India and would be shortly introduced in the seven associate banks of SBI, a press release said.

(This article was published in the Business Line print edition dated September 29, 2006)
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