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Karnataka Bank Ltd will roll out the upgraded version of its core banking solution (CBS) in its branches from the second week of January.
The bank informed the stock exchanges on Tuesday that in its endeavour to be best in technology the bank is upgrading its CBS from Finacle version of 7.0.25 to Finacle version 10.2.x. The same is proposed to be rolled out to all its branches from the second week of January, it said, adding that all precautionary steps for smooth migration are already put in place.
“Inspite of the same, disruption in the services, if any, will be informed in due course,” the bank said in a statement to stock exchanges.
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