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Showing posts with the label CBS BANKING

Data Migration Command Centre, Chennai

Readme Files Tools Preparation for Mock Migration Preparation for Go-live Pre-Requisities on the Day of Go-Live Filezilla Software Internet Explorer 8 Configuration Passbook Printer Configuration (Finacle) DB Analyser Data Profiling Tool by Infosys UIDAI Table Creation Premigration Tool Filezilla Software Java for 32 bit Windows 7 Java for 64 bit Windows 7 Acrobat Reader for Finacle Email queries & issues to chennaidmcc@gmail.com Data Migration Command Centre Chennai - 600002 Phone: 044-28524482 Contact Details : S.Gopinath, Inspector Posts 09962067155 K.Mohandoss, Inspector Posts 09600253873

Core Banking in Post Offices - PTC journal

Core Banking – Towards Execution - 2012-14 G. Natarajan, Director (Core Banking Solutions) The first ATM in India was installed by HSBC Bank in 1987. [1] Post offices will get ATMs next year. The technology gap between India Post and HSBC (India) is more than 20 years. The last branch of SBI went live on the core banking (CB) platform in the year 2008. [2] The last departmental post office will go live on the core banking platform in 2014. There will still be a gap of six years. Reasons for Core Banking The need for core banking for Post Office Savings Bank (POSB) arises out of many reasons: 1. Cost of operations : The cost of operations in core banking is less than those of the present system. The remuneration we get from the Ministry of Finance for Post Office Savings Bank   work is based on an average of five transactions per account per year. If we take out the back office work, this would mean that we spend roughly Rs. 30 per transaction. (Surprisingly, banks’ counter transa...