Polaris Software Lab Ltd today informed BSE it had bagged a project from Andhra Pradesh State Cooperative Bank Ltd to implement core banking solution in all its 22 District Central Cooperative Banks across the state.
The proposed implementation will be executed through a mutli entity CBS rebranded as Intellect Core Banking Solution, with centralised deployment at Hyderabad being used by 569 branches and 22 head offices of the DCCBs.
M S Ramarao, chief general manager, Andhra Pradesh Cooperative Bank Ltd said we wanted to deploy efficient multi-entity core banking solution.
Convering all the 22 Banks in the state. We decided to invest in Intellect CBS to take our banking experience to the next level and that too at just Rs 11,000 per month / branch or at less than Rs two per account/branch/ month for a period of five yeas.