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Co-Operative Banks To Get Core Banking Solutions; Thanks To Wipro & NABARD

National Bank for Agriculture and Rural Development (NABARD) has taken an initiative to bring together 140 state co-operative banks and central co-operative banks on one platform for technology development.

Statistics say that these 140 state and central cooperative banks have 4582 branches and administrative offices. Four central co-operative banks (CCBs) of Maharashtra, Latur, Kolhapur, Buldhana and Nagpur CCBs have already signed an agreement with Wipro.

NABARD Logo - Wipro's Core Banking solutions for Co-Operative banks

Wipro's Core Banking solutions for Co-Operative banks

The agreement states that Wipro will help the banks to implement core banking solutions and act as a facilitator or care taker. This agreement will be valid for 5 years and will be obligatory until December 31st of 2017. It is hoped that this idea will make credit delivery of different banks easier and faster.

NABARD also stated that expectations have raised on this very idea that transfer of data to CBS (core banking solutions) model in these banks will start very soon and all these banking domains are presumed to be on CBS platform in one year.

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