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Core Banking Services to be introduced in Post Offices

Posted by binu P Tuesday, 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 these 4000 post offices.

There is 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.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.

Government has also taken the following steps to make the post offices a profitable organization:

1. Modernize mail operations through improved transmission of mails, parcel and logistics between major cities, setting up of automatic mail processing centres for faster processing of mails and rationalization of the existing mail network.

2. Induction of technology in speed post network and financial services so as to increase the efficiency of operations.

3. Leveraging the postal network to provide various utility services.
4. Utilizing technology for improving productivity in post offices.115%

Minister of State for Communications Information Technology, Shri Gurudas Kamat in written reply to a question in Lok Sabha.



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8 Responses to Core Banking Services to be introduced in Post Offices

  1. Anonymous Says:
  2. great idea

    go for it bcz lots of investment today also there with post office compare to bank and stock market

    post can beat any one if such structural change will be there

     
  3. Anonymous Says:
  4. right sir.
    i'm a postal employee.i also expect something like you have told in your last sentence.

     
  5. Anonymous Says:
  6. its a great idea providied it should be implemented in a systematic manner without any hurry. otherwise it will flop like e post.dept should also take action for streamling the movment of mail whereever mms exists because there are problems in timely arrival of mms due to shortage of staff causing delay in delivery of postal articles to the addressee.

     
  7. Anonymous Says:
  8. pl give software development to a well established companies which were proud to india like infosys,tcs,ibm and not to worst fellows who developed sanchaya post . because the software cannot enter data in rd module by our spm who are appointed in 1960 ssc based education. pl try to give simple and user friendly software even this time

     
  9. Anonymous Says:
  10. it has been a great achievement for the postal department

     
  11. Anonymous Says:
  12. This is the bright future of india post.
    Go ahead INDIA POST.

     
  13. Unknown Says:
  14. Core Banking Services is very nice and effective. thanks for this article.
    latest software download for windows

     
  15. Unknown Says:
  16. crack software full version

     

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