Financial Daily from THE HINDU group of publications
Friday, Jan 25, 2002
Financial Daily from THE HINDU group of publications Friday, Jan 25, 2002 |
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Money & Banking
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Private Banks Info-Tech - Software Karur Vysya signs pact with i-flex Solutions Our Bureau
Mr A.D. Navaneethan (left), Chairman, Karur Vysya Bank, and Mr Deepak Ghaisas, CEO, India Operations, i-flex Solutions Ltd, at a press conference in Chennai on Thursday.
CHENNAI, Jan. 24 KARUR Vysya Bank has announced that it had signed an agreement with i-flex Solutions Ltd to implement the latter's Flexcube product across 120 branches. The bank plans to spend between Rs 20 crore and Rs 25 crore on technology in addition to the nearly Rs 24 crore that it had already invested in maintaining and upgrading IT infrastructure till September 2001. The bank expects to migrate 240 branches to the new software within the next 18 months.
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