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Core Banking Solution (CBS) to Co-operative Banks
NABARD has facilitated the process of bringing the Co-operative Sector onto Core Banking Solution (CBS) platform which by all standards is one of the biggest initiatives towards institution building. A total of 201 State and Central Co-operative Banks with 6,953 branches from 16 states & 03 UTs of the country, viz. Punjab, Haryana, Gujarat, Maharashtra, UP, Chhattisgarh, MP, Bihar, Karnataka, Tamil Nadu, Kerala, Uttarakhand, Sikkim, Himachal Pradesh, Jammu & Kashmir, Arunachal Pradesh, Chandigarh, Puducherry and Andaman & Nicobar joined the “NABARD initiated Project for CBS in Co-operatives”.
 
Two vendors, viz. TCS and Wipro, have implemented the ambitious project across the country. All 201 banks with 6,953 branches under NABARD Project are fully on CBS. This includes 122 new branches which were directly opened on CBS platform. Apart from the cooperative banks, Tamil Nadu Industrial Cooperative Bank (TAICO) has been taken onboard for roll-out of CBS under the project. 
 
The model followed in the initiative is Application Service Provider (ASP) model using the concept of cloud computing. The roll out process is in the final stage and branches are being migrated to CBS platform on a regular basis.
 
Now these century old banks have started functioning in the CBS environment at par with the technological platform of the Commercial Banks and Regional Rural Banks and match up with these institutions in providing similar kind of services in the hinterland of the country. These banks now extend commensurate services to their existing and new clients keeping in sight the changing scenario and expectation level of the clientele. In time, their clients would be in a position to receive various Government incentives/ subsidies and also other financial inputs directly in their accounts maintained with the co-operative banks.
 
1. Advantages of Bringing Co-Operative Banks under Core Banking Solution
 
  • Bring them at par with the technological platform of the Commercial Banks and also RRBs and match up with these institutions in providing similar kind of services in the hinterland of the country
  • Transparency and regular reconciliation and balancing of books of account to arrest pilferage
  • Once the Banks are on a technology platform, they will be in a better position to utilise technological solution furthering the financial inclusion initiative in rural India
  • The customer of the Banks can avail facilities like Any Branch Banking, e-transfer of funds to anywhere of the country, etc.
  • This will also enable GOI to transfer incentive/subsidy/other payments to the account holders based on Aadhaar number.
  • Technological solution is expected to release staff members so that there will be more follow-up with the customers and also help bring in new customers/ clients to the Banks thus improving the business portfolio.
2. States covered under NABARD-initiated CBS Project for Cooperative Banks
 

Sr.

Name of the state/UT

Total No. of Banks

Total No. of Branches

i

Bihar

23

310

ii

Haryana

20

653

iii

Maharashtra

8

857

iv

Punjab

21

843

v

Chandigarh

01

16

vi

Uttar Pradesh

07

149

vii

Chhattisgarh

06

187

viii

Gujarat

17

1181

ix

Karnataka

10

227

x

Madhya Pradesh

39

895

xi

Tamil Nadu

23

783

xii

Andaman & Nicobar

1

30

xiii

Himachal Pradesh

1

29

xiv

Jammu & Kashmir

1

26

xv

Kerala

9

438

xvi

Sikkim

1

15

xvii

Uttarakhand

11

253

xviii

Arunachal Pradesh

1

33

xix

Puducherry

1

28

 xx

Total

201

6,953

 
Additional Information:
 
3. List of Participating Banks for CBS by State