IBM signs outsourcing deal with Rajasthan's co-operative bank

IBM, the US based infomration technology (IT) company, on Monday said that it had signed a five year outsourcing agreement for managing the IT infrastructure of Rajasthan based Madhav Nagrik Shakari Bank, for an undisclosed amount.

Madhav Nagrik Sahakari Bank has plans to expand from existing network of 25 branches in Rajasthan. It also plans to offer services such as internet banking, mobile banking and ATM facilities to its semi-urban and rural area customers.

“In this age of technology-driven banking, even co-operative bank like ours are taking a leap in providing the best of banking experience to our customers,” said Mukesh Modi, managing director, Madhav Nagrik Sahakari Bank.

With IBM hosting the bank’s entire IT infrastructure from its own data centers, the bank will be able to leverage the same world-class expertise that serves many of its larger enterprise as well as global clients.

Nipun Mehrotra, vice president and general manager, Global Technology Services, IBM India/South Asia said, “We will continue to expand our geographical reach and work with more clients like Madhav Bank.”
 
The bank has completed 35 years of operation and has over 172,000 customers.