INDIA POST SIGNS WITH INFOSYS FOR CORE BANKING

Infosys bagged CBS Contract @ Rs.700 crore

 

CBS-Contract signed with M/s. Infosys- MESSAGE FROM DIRECTOR( CBS)

I  am excited to share the news that the Department has signed the contract today with M/s Infosys Ltd for deploying CBS and ATMs in Post Offices.

Infosys , as System Integrator will deploy the CBS ( Finacle) and Insurance softwares. They have tied up with M/s NCR for installing ATMs and with Yelamanchilli (YCS) for the ATM switch and M/s IBM for central hardware. Data migration from legacy accounts is also part of their scope of work. The period of contract is 7 years which includes the Operations and Maintenance activities for this period. Infosys will also station one Project Manager in each of the circles to deliver the project in time. They will also run a helpdesk to resolve issues of our staff from post offices. The project will cover around 25,000 departmental offices in a period of 24 months. The CBS Rural ICT application will also be rolled out in 1.3 lakh branch offices. The identified 120 pilot offices will start CBS in 6 months and Pilot roll out will be completed in 9 months from T. T will be fixed shortly.

My thanks are due to Mr.A.S.Prasad, DDG (Financial Services) and Chairman of RFP committee for guiding us through the process. Sincere thanks to Mr.Kaushal Kishore, formerly GM (Finance) BD Directorate and now in Dept of Telecom -who was the Finance member of the committee- and Ms.Rajul Bhatt , Director-PMU for their help and support.

I would like to thank the NISG team of Shri.Vimal Kumar, Banking Consultant, Shri.Tarun ( Infrastructure) and Shri.Imocha Singh (Solution Expert) who played a critical role in the selection process of the vendors.

Thanks are due to all the following members who have worked with me at Directorate: Mr.Jayanth Kumar (now AD in Karnataka circle) who worked while drafting RFP, Mr.Keshav Rao (SBCO Supervisor from Karnataka) who worked in the middle phase and Shri.Basant Kumar Talan (Inspector) from Evaluation stage till date. This wouldn't have been possible with out their support.

NATARAJAN, Director( CBS)

Source : http://ipaspkarnataka.blogspot.in