Public sector lender Central Bank of India signed up a five year outsourcing agreement with an IT major Wipro, for its seven sponsored regional rural banks.

Under the agreement, Wipro would provide state-of-the-art, technology-driven, core banking solution for seven sponsored Regional Rural banks. One of them, Uttar Bihar Gramin Bank is the biggest RRB in India and had a large presence in Bihar, according to a release.

The engagement is of vital importance to Central Bank of India, in order to achieve its objective of financial inclusion and bringing low cost and efficient banking services to the rural masses. The Centralised Core Banking Project is expected, to facilitate efficient internal operations for the seven Regional Rural Banks. It is also expected to provide the competitive edge, by enabling regional rural banks offer innovative products and services at optimum costs.

The Core Banking project, would integrate 2,000 sites, which included branches, extension counters, satellite offices, regional offices, head offices and back offices in a phased manner. The solution would also offer alternate delivery channels like, Internet Banking and Mobile (including SMS Alerts) Banking.

Wipro, with its strong practices in governance, process excellence and integrated service delivery, will deliver business-IT alignment, by deploying and implementing the critical Core Banking Solution and the identified delivery channels, seamlessly. Wipro will also setup, a 24-hour centralized Helpdesk facility for the project covering applications, Data Center, networks, security and end user systems.

Commenting on the agreement Central Bank of India CMD S Sridhar said, ‘The rural customer of the RRB will receive superior customer experience from the RRB, and fast efficient systems will enable alignment with the shared business vision of Central Bank of India and the Regional Rural Banks sponsored by the Bank.’ The software has been provided by Infosys Ltd, using Finacle along with other standard products such as ALM, Govt. Business, Internet, ATM, EMS,and AML etc. With this, RRBs of Central Bank of India will be in compliance with statutory and Regulatory requirements including MIS. The contract is the outcome of a competitive bidding process which attracted several global and Indian IT majors. In a keenly contested deal, Wipro emerged as the preferred partner for the outsourcing deal spanning five years.

Earlier, last week, Wipro signed a seven year Total Outsourcing contract with five RRBs sponsored by UCO Bank, a leading Public Sector Bank, for implementing a Core Banking Solution (CBS) across 803 branches of the sponsored RRBs. The contract with Central Bank is the second in the series of wins for Wipro, related to driving financial inclusion through Regional Rural Banks.

The seven sponsored Regional Rural Banks were, Uttar Bihar Gramin Bank with 865 branches, Satpura Narmada Kshetriya Gramin Bank with 347 branches, Uttarbanga Kshetriya Gramin Bank with 119 branches, Vidarbha Kshetriya Gramin Bank with 96 branches.

Ballia-Etawah Gramin Bank with 138 branches, Surguja Kshetriya Gramin Bank with 85 branches and Hadoti Kshetriya Gramin Bank with 84 branches.

Having total number of 1,734 RRB branches, all its RRBs are profitable. Migration of the branch of all RRB shall be completed by September 2011, as committed to Regulatory Authority the release said. UNI.

Source:http://www.indlawnews.com/Newsdisplay.aspx?84f7d57e-bb9b-4617-bd9e-a8cee52b520a

Delhi International Airport (P) Limited (DIAL) and IT major Wipro, today announced a 10 year total outsourcing agreement to provide world class IT Infrastructure and Services for Indira Gandhi International Airport (IGIA), New Delhi.

This partnership assumes significance as IGI airport’s new integrated terminal (T3) will be the gateway for the Commonwealth Games scheduled to be held in New Delhi. Terminal 3 at IGIA will be one of the largest airport terminals in the world.

Information Technology is a key driver for critical airport operations including Flight management, terminal management, ground handling and property management. The total outsourcing engagement will deliver business IT alignment for DIAL by combining leading airport solutions with Wipro’s strong practices of governance, process excellence and integrated service delivery. Wipro is responsible for complete IT management in T3 for 10 years and will deliver seamless and highly available Airport IT operations. The scope includes airport specific applications, data centre, networks, security and surveillance systems and end user systems. Additionally Wipro will be responsible for managing a host of intelligent systems including building management systems, access control, public address, and telephony. For passengers, this engagement will deliver superior customer experience and for airlines, it will deliver fast efficient systems which enable quicker turnaround times.

The parties signed an agreement to form a joint venture which would be named Wipro Airport IT Services Limited. Wipro would hold 74% in the JV and DIAL will hold 26% stake. The agreement was signed by Mr. PS Nair, CEO, DIAL and Mr. Anand Sankaran, Senior Vice-President and Business Head, India and Middle East, Wipro. The JV would be the innovation partner for DIAL and will focus on emerging business models and technologies for airports. It will also build competencies in airport specific applications. Also present on the occasion were Mr. Kiran Kumar Grandhi, Chairman Airports, GMR Group, and Mr. Suresh Vaswani, Jt.CEO & member of the Board, Wipro Ltd.

“Our vision is to make the IGI Airport a Global showcase and IT will be a significant Business Driver. We are delighted to have a strong partner like Wipro with proven capabilities in delivering superior business value as our partner in realizing that vision for us” said Mr. Kiran Kumar Grandhi, Chairman Airports, GMR Group. Speaking on the occasion Mr.Suresh Vaswani, Jt.CEO & member of the board, Wipro said “Airports and aviation industry in India require a massive infusion of IT and this unique partnership will create new industry standards in modern airport management based on world class IT and business processes powered by innovation”

Speaking on the occasion, Mr PS Nair, CEO, DIAL said “Our vision is geared towards providing a future-proof strategy to become one of the top airport operators globally. Wipro’s proven expertise in managing large IT enabled environments coupled with a vibrant innovation culture will be the core driver of this joint venture.”

Mr Anand Sankaran, Senior Vice President and Business Head-India & Middle East, Wipro, said:” We are honored to be part of this prestigious project. We plan to deploy IT systems and services that are extremely robust, scalable and flexible, and in keeping with global best practices in airport management. Our aim is to enable transformation of airport operations to bring in enhanced efficiency and customer satisfaction.”

This partnership was decided as an outcome of a global competitive bidding process which attracted several global and Indian IT majors. In a keenly contested deal Wipro emerged as the preferred partner for the outsourcing deal spanning 10 years.

Source:http://www.freeprnews.in/?p=955