Wipro Infotech, the India and Middle East, IT Business unit of Wipro Ltd, has implemented a Core Banking Solution (CBS) for five co-operative banks under the National Agriculture Bank for Rural Development (Nabard).

The application is hosted from Wipro’s data centre and would be supported for five years from the date of commencement.

As part of the contract, Wipro is currently implementing the project for co-operative banks across Bihar, Uttar Pradesh, Maharashtra, Punjab and Haryana.

Phase one of the project will cover State Co-operative Banks and District Co-operative Banks of 10 states. Wipro will computerise 76 banks with approximately 2,790 branches.

Account holders can receive e-payments towards subsidy and various other government schemes in their accounts directly. Remittance of funds from the cities to the villages and vice-versa will be done easily at a bank branch in the village. This is expected to result in far reaching benefits for the agriculture sector and rural development.

The banks will now be able to provide latest e-banking facilities like ATM facility, utility bill payment, mobile banking, e-payments etc. to customers in remotest of places.

Mr Anand Sankaran, Senior Vice-President & Business Head, Wipro Infotech & Global Business Head — Infrastructure Services, Wipro, said: “Considering that the recent regulatory reforms by RBI are expected to make the Indian banking scenario more competitive, this initiative will equip co-operative banks with cost-effective technology and robust infrastructure to support their growth and help them keep pace. More importantly it will change the face of rural banking by making e-banking facilities available to the rural customer.’’

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