The Hindu : Business : TCS to network 1,300 Central Bank branches

Online edition of India's National Newspaper
Friday, Jun 17, 2005

Business

Business

TCS to network 1,300 Central Bank branches

Special Correspondent

CMC to provide key hardware; project spread over five years

AT THE CORE OF BANKING: The Chairman of Central Bank of India, Dalbir Singh (right), with the Chief Executive Officer and Managing Director of Tata Consultancy Services, S. Ramadorai, at a press conference in Mumbai on Thursday. — Photo: Paul Noronha

MUMBAI: Central Bank of India and Tata Consultancy Services on Thursday announced that over 1,000 branches of Central Bank would go live on the centralised core banking solution being implemented by TCS.

TCS will be responsible for system integration, including networking and data centre set up. As part of the initiative, TCS will redesign and deploy a bank-wide corporate network covering about 1,367 locations by designing, building and maintaining the data centre, disaster recovery centre and facilities management services for the bank over the next five years.

The scope of the entire project covers the branches of Central Bank network, including the retail, corporate, trade finance and delivery channels for Internet banking, phone banking and mobile banking (SMS and WAP). TCS along with CMC will redesign and deploy a Bank Wide Corporate Network. CMC has also provided key hardware for this project in areas related to networking, servers and peripherals. Commenting on the initiative, Dalbir Singh, Chairman, Central Bank of India, said: "The core banking solution is a critical part of our IT strategy. Our technology initiatives are an effort to maintain and develop our competitive position.''

In a phased rollout, the project will be undertaken across 100 branches of Central Bank of India in less than one year. Complete implementation of the solution would enable customers' access their bank accounts through multiple delivery channels like ATMs, Internet and mobiles on `on-line-real-time' basis.

Printer friendly page
Send this article to Friends by E-Mail

Business