Business Daily from THE HINDU group of publications
Wednesday, Apr 15, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, Apr 15, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Info-Tech
-
New Business Money & Banking - Co-operatives IBM wins 10-year deal from Uttarakhand co-op bank Our Bureau Bangalore, April 14 IBM has bagged a 10-year IT outsourcing deal from Kurmanchal Nagar Sahakari Bank Ltd, an urban co-operative bank in Uttarakhand. IBM did not disclose the deal size. As part of the deal, IBM will remotely host and manage the IT infrastructure from its data centre in Bangalore, manage the disaster recovery site and provide the entire networking infrastructure. This would help the bank focus on expansion plans while reducing the capital expenditure on IT by as much as 60 per cent, the IT vendor said in a statement. Focus on SMEsSigned in January-March quarter, the deal is the first of its kind for IBM in Uttarakhand, the company said. IBM is increasing its focus on the small and medium businesses in India, including those based in smaller cities and hill stations such as Nainital, where the bank is headquartered. The 25-year-old Kurmanchal Bank plans to expand its banking network from 17 branches to nearly 35 over the next two years. It is now looking at rolling out core-banking solution along with offerings such as Internet banking, mobile banking and ATM facilities to its customers. “The fact that the bank decided to enter into a 10-year long agreement further reiterates the trust clients — big or small — put in IBM’s capabilities,” said Mr Nipun Mehrotra, VP and GM, Global Technology Services, IBM India. More Stories on : New Business | Co-operatives | Outsourcing
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2009, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|
