Government to introduce core banking services at post offices

Rs 106 crores outlay in the 11th five year plan

samirsachdeva

Samir Sachdeva | March 16, 2010



There is a proposal to introduce Core Banking Solution (CBS) in 4,000 post offices for ensuring - anytime, anywhere and any branch banking in the post offices.  This information was given by the Minister of State for Communications & Information Technology, Gurudas Kamat in written reply to a question in Lok Sabha yesterday.

Government has made a financial outlay of Rs.106 crores for development of CBS software, customer relations management, training, project management unit, centralised back office etc. during the 11th five year plan for the above initiative.  

The project aims at provision of delivery channels like ATM, internet, phone and mobile banking services besides streamlining  the existing operations of savings schemes /savings certificates.  Till now, 117 officers have been imparted CBS appreciation training and 60 operative officials have attended workshop on Core Banking, the minister added.

 

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