Infosys bags Rs.700 crore order from India Post
August 9th, 2012 - 7:01 pm ICT by IANS
New Delhi, Aug 9 (IANS) Infosys Thursday said it has bagged a Rs.700 crore deal from the Indian government's Department of Post to enhance its core banking and insurance services ... Read more...
Posted in Sci-Tech |
WIPRO computerises five cooperative banks
July 31st, 2012 - 7:55 pm ICT by IANS
Bangalore, July 31 (IANS) IT bellwether Wipro Ltd Tuesday said it has deployed its core banking solution in five state-run cooperative banks across five country under the National Bank for ... Read more...
Posted in Sci-Tech |
IOB mulls new core banking solution on Oracle platform
May 5th, 2012 - 8:58 pm ICT by IANS
Chennai, May 5 (IANS) Government-owned Indian Overseas Bank (IOB) will soon migrate to a new core banking solution (CBS) built on Oracle platform from its own CBS, a senior bank ... Read more...
Posted in Uncategorized |
Nigerian bank deploys Infosys’ Finacle software
April 16th, 2012 - 7:16 pm ICT by IANS
Bangalore, April 16 (IANS) Nigeria's oldest bank Wema Bank plc has deployed Indian IT bellwether Infosys Ltd's software product Finacle to offer core banking, retail e-banking and treasury services to ... Read more...
Posted in Sci-Tech |
Belgium bank to deploy Infosys software product
March 24th, 2012 - 6:13 pm ICT by IANS
Bangalore, March 24 (IANS) Leading European bank ING Belgium selected Infosys' software product Finacle to transform its core banking operations, the Indian IT bellwether said Saturday."Our flagship product will enhance ... Read more...
Posted in Sci-Tech |
Firewalls needed between banks and insurance firms: Survey
March 15th, 2012 - 6:22 pm ICT by IANS
Chennai, March 15 (IANS) The Economic Survey tabled in parliament Thursday voiced concern about the growing linkages between the banking and insurance sectors and said firewalls should be built between ... Read more...
Posted in Business |
Namibian bank deploys Infosys core banking product
March 14th, 2012 - 12:13 am ICT by IANS
Bangalore, March 13 (IANS) Namibia's Standard Bank has deployed Indian IT bellwether Infosys Ltd's core banking product Finacle to enhance its service offering to customers."The new system will empower the ... Read more...
Posted in Business |
Federal Bank to open 100 branches in a single day
March 6th, 2012 - 8:32 pm ICT by IANS
Mumbai, March 6 (IANS) Kerala-based Federal Bank would expand its footprint opening 100 more branches on a single day, March 10, across India, taking the total branch network to 938, ... Read more...
Posted in Business |
Standard Chartered’s BPO to prune vendors, save $7 mn
January 19th, 2012 - 7:13 pm ICT by IANS
Chennai, Jan 19 (IANS) Standard Chartered Bank's wholly-owned subsidiary Scope International Pvt Ltd hopes to save $7 million per year by pruning its IT vendor base to three or four ... Read more...
Posted in Business |
India mulls bank account number portability
January 3rd, 2012 - 8:50 pm ICT by IANS
New Delhi, Jan 3 (IANS) After allowing portability of mobile numbers and health insurance policies, the Indian government plans to give customers the flexibility to change his/her bank without changing ... Read more...
Posted in Business |
Thinksoft bags Rs.5-crore RBI order for testing solution
December 23rd, 2011 - 8:12 pm ICT by IANS
Bangalore, Dec 23 (IANS) Financial software testing firm Thinksoft Global Services Friday said it has bagged a Rs.50-million (Rs.5 crore) order from the Reserve Bank of India (RBI) to ... Read more...
Posted in Business |
Nepal’s Social Development Bank goes live with core banking software
December 9th, 2011 - 1:06 am ICT by IANS
Chennai, Dec 8 (IANS) Nepal based Social Development Bank, a national level development bank, Thursday went live with the core banking solution Intellect vended by city based Polaris Financial Technology ... Read more...
Posted in Business |
Government teachers in Mumbai get salaries online
December 1st, 2011 - 11:05 pm ICT by IANS
Mumbai, Dec 1 (IANS) For the first time, teachers and non-teaching staff of all government-aided schools in the city received their salary Thursday online through a nationalised bank, an official ... Read more...
Posted in Uncategorized |
Now, online, on-time salaries for Mumbai teachers
October 5th, 2011 - 9:47 pm ICT by IANS
Mumbai, Oct 5 (IANS) Come Nov 1 and Mumbai's 30,500 teaching and non-teaching staff of government-aided schools would get salaries directly credited to their accounts.
As a Dussehra gift, the Maharashtra ... Read more...
Posted in Uncategorized |
Polaris Software eyes $100 mn revenue by 2016
August 2nd, 2011 - 7:12 pm ICT by IANS
Chennai, Aug 2 (IANS) Financial technology company Polaris Software Lab Ltd. hopes to earn $100 million in five years by offering its core banking solution (CBS) and other software on ... Read more...
Posted in Business |
Corporation Bank now battles software violation charge
July 15th, 2011 - 11:50 am ICT by IANS
Chennai, July 15 (IANS) Even though it seems to be on a strong wicket against a sudden charge of software licence violation, the Mangalore-based Corporation Bank, now under the Central ... Read more...
Posted in Sci-Tech |
Rural banks in Bengal facing staff, skill deficit
July 3rd, 2011 - 11:39 am ICT by IANS
Kolkata, July 3 (IANS) Not all is well with the Regional Rural Banks in West Bengal that are plagued by inadequate staff, lack of required technical upgradation and the authorities' ... Read more...
Posted in Business |
Indian Overseas Bank picks consultant for software arm
May 25th, 2011 - 7:23 pm ICT by IANS
Chennai, May 25 (IANS) Moving ahead with its plans to float a banking software subsidiary, the city-based Indian Overseas Bank (IOB) has short-listed consultancy firm Ernst and Young to assist ... Read more...
Posted in Business |
Canara Bank net up 79 percent in fourth quarter
May 5th, 2011 - 7:12 pm ICT by IANS
Bangalore, May 5 (IANS) Leading state-run Canara Bank posted net profit of Rs.899 crore for the fourth quarter (January-March) of fiscal 2010-11, registering a whopping 79 percent year-on-year (YoY) growth.For ... Read more...
Posted in Business |
First Gulf Bank posts $238 mn profits
April 25th, 2011 - 11:58 pm ICT by IANS
Abu Dhabi, April 25 (IANS/WAM) First Gulf Bank (FGB) has announced a net profit of 875 million UAE dirhams (about $238 million) in the first quarter of 2011. This represents ... Read more...
Posted in Business |
Now, pay income tax through Union Bank ATMs
March 31st, 2011 - 11:09 pm ICT by IANS
New Delhi, March 31 (IANS) Now, account holders of the state-run Union Bank of India can pay their income tax through the bank's network of 2,600 ATMs."Implementation of income tax ... Read more...
Posted in Business |
Shanghai Bank selects TCS core banking solution
March 24th, 2011 - 11:09 pm ICT by IANS
Bangalore, March 24 (IANS) Shanghai Rural Commercial Bank in China selected Tata Consulting Services' (TCS) core banking solution Bancs to achieve competitive advantage by introducing new products and manage transformation, ... Read more...
Posted in Business |
Wipro-Canara Bank ink rural banking deal
March 10th, 2011 - 10:43 pm ICT by IANS
Bangalore, March 10 (IANS) Global software major Wipro Infotech Thursday signed a five-year deal with state-run Canara Bank to implement its regional rural bank initiative.To begin with, the IT bellwether ... Read more...
Posted in Business |
HCL Infosystems bags IT project from Punjab and Sind bank
March 9th, 2011 - 5:11 pm ICT by IANS
New Delhi, March 9 (IANS) HCL Infosystems Wednesday said it has bagged a project from the Punjab and Sind Bank (PSB) to provide smart card-based solutions in over 1,500 villages ... Read more...
Posted in Sci-Tech |
72,000 more villages to get banking services by 2012
February 6th, 2011 - 3:27 pm ICT by IANS
Agartala, Feb 6 (IANS) The Reserve Bank of India (RBI) has asked all the commercial banks to take banking services, in any form, to 72,000 uncovered villages in India by 2012, a ... Read more...
Posted in Business |
Indian IT firms ramping up efforts to establish themselves in China
January 17th, 2011 - 1:14 pm ICT by ANI
New Delhi, Jan.17 (ANI): Indian information technology (IT) companies have reportedly ramped up efforts to win the confidence of more Chinese companies in a bid to consolidate their foothold.Tata Consultancy Services ... Read more...
Posted in Business |
Onion prices to come down soon, says Pawar
December 25th, 2010 - 8:20 pm ICT by ANI
Ahmedabad, Dec 25 (ANI): Union Agriculture Minister Sharad Pawar on Saturday said the consumers would soon be relieved of skyrocketing onion prices in the country, as the Central Government is importing vegetables ... Read more...
Posted in National |
Madhya Pradesh police probing fraudulent withdrawals
December 24th, 2010 - 10:17 pm ICT by IANS
Bhopal, Dec 24 (IANS) The Madhya Pradesh Police is probing the alleged fraudulent withdrawal of Rs.1.8 crore from the account of the state's tourism development corporation, an officer said Friday."The case ... Read more...
Posted in Uncategorized |
Tripura Gramin Bank posts profit for 10th year in row
December 22nd, 2010 - 3:40 pm ICT by IANS
Agartala, Dec 22 (IANS) Tripura Gramin Bank (TGB) posted a net profit of Rs.35.35 crore, the highest among the regional rural banks (RRBs) in eastern and northeastern India, in the last fiscal, ... Read more...
Posted in Business |
CBS of urban cooperative banks to begin this month
December 7th, 2010 - 10:55 pm ICT by IANS
Ahmedabad, Dec 7(IANS) Union Agriculture minister Sharad Pawar will flag off the national launch of the Core Banking Solutions (CBS) drive of Of urban cooperative banks at their two-day national meet ... Read more...
Posted in Business |
Indian Overseas Bank to float software subsidiary
November 11th, 2010 - 4:35 pm ICT by IANS
Chennai, Nov 11 (IANS) City-based Indian Overseas Bank (IOB) plans to float a banking software subsidiary to tap the Asian and African markets, the bank's top official said Thursday."Our core banking ... Read more...
Posted in Business |
United Bank of India expects better credit demand from Q3
September 30th, 2010 - 6:12 pm ICT by IANS
Kolkata, Sep 30 (IANS) City-based public sector United Bank of India (UBI) expects credit disbursals to grow from the third quarter (October-March) of the current fiscal (2010-11) on better demands from infrastructure ... Read more...
Posted in Business |
State Bank of India ties up with Oxigen to promote kiosk banking
September 16th, 2010 - 12:48 pm ICT by ANI
Mumbai, Sept.16 (ANI-Business Wire India): Oxigen Services Pvt. Ltd and support company "Sahyog Micro Finance Foundation" today announced a unique tie-up with State Bank of India (SBI) to offer banking services ... Read more...
Posted in Business |
CBI raids HPCL, Dena Bank officials for Rs.65 mn fraud
August 19th, 2010 - 9:16 pm ICT by IANS
Mumbai Aug 19 (IANS) The Central Bureau of Investigation (CBI) Thursday raided the offices and residences of several high-ranking officials of a public sector oil major and a nationalized bank in connection ... Read more...
Posted in Uncategorized |
Assam Gramin Vikash Bank records net profit of Rs 5080.57 cr in 2009-2010
July 26th, 2010 - 10:58 pm ICT by ANI
Guwahati, July 26 (ANI): The Assam Gramin Vikash Bank (AGVB) on Monday completed its fifth year of existence, while recording an impressive net profit of Rs 5080.57 crores during 2009-2010.AGVB, a ... Read more...
Posted in Business |