Wipro bags Rs 304 cr Dena Bank contract

Wipro Infotech on Friday announced that it has won a Rs 304 crore contract for providing comprehensive IT outsourcing services to Dena Bank over a period of ten years. This is Wipro Infotech's tenth total outsourcing win in India. Wipro Infotech is the India, Middle East and Asia Pacific division of the $2.39 billion Wipro.

According to Wipro, the scope of the contract covers comprehensive applications and infrastructure provisioning and management to enable centralised banking operations of Dena Bank across its 850 branches.

Wipro will be responsible for provisioning and management of a suite of banking applications covering core-banking, delivery channels, risk management, treasury, credit operations, cash management, asset liability management and anti money-laundering. The core-banking product is Finacle from Infosys.

In addition, Wipro will be responsible for provisioning, system integration and 24x7 management of the entire underlying infrastructure covering computing platforms and networking, including commissioning and management of the data centre and the disaster recovery centre.

The contract ensures that Dena Bank is able to enhance its technology continuously in line with its business objectives of Vision 2010 document through periodic refreshes and upgrade.

PL Gairola, chairman and managing director, Dena Bank said, "We are re-engineering our IT processes and applications, which will ultimately deliver superior quality of services and a wide product portfolio to our customers. This engagement with Wipro will allow Dena Bank to accelerate growth in business volumes while achieving operational excellence."