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The National Bank for Agriculture and Rural Development (Nabard) has inked Memorandums of Understandings (MoUs) with a few cooperative banks here to provide technical assistance for the launch of core banking solutions (CBS).
The MoUs were signed between Nabard and Gujarat State Cooperative Bank and nine district central cooperative banks from Vadodara, Bharuch, Bhavnagar, Ahmedabad, Sabarkantha, Rajkot, Surendranagar, Jamnagar and Kodinar.
The national bank would be assisting the cooperative banks in vendor selection for launch of CBS. It will ensure that their interest is protected, and assist them on various other technical features like application of software, maintenance of data centre, etc, an official statement said.
The implementation of CBS is expected to get completed within one year.
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