In the wake of ongoing changes in the financial sector and trends which indicate a move towards globalization and liberalization of the Indian economy, the market environment in the country has undergone a major change.
Reforms in the financial sector and entry of private and foreign banks along with new generation technology have changed the face of Indian banking sector. To respond to the aforesaid challenges, RRBs of Eastern U.P. sponsored by Union Bank of India have been amalgamated and a bigger and stronger bank has emerged.
Embracing technology has become the need of the day. Technology is fast becoming an integral part of banking business. Hence technology has become as important as the business strategy, if not more. Therefore bank needed to deal with the enormous task of re-orienting technology infrastructure.
Core Banking Solution
The Bank has been constantly endeavoring to leverage the advancements in Information Technology and Communication network with a view to --->
The Bank has embarked upon massive technology based transformation through technology process in the form of implementation of Core Banking Solution. The Bank has engaged M/s Wipro, a leading service provider in IT enabled services for providing end-to-end solution for networking. It is backed by "Finacle" software support from M/s Infosys Technologies Ltd. The Core Banking System bundles a host of customer friendly services.
The Bank has its Data Centre at Prabha Devi, Mumbai and the Disaster Recovery Site at Bangaluru to ensure business continuity. All the branches ofthe bank are under CBS. Pursuant to the above technological initiative we are focussing on development of new business models that will include formulating new products and services for serving our cusotmer better. Efforts at revitalizing the entire rank and file of the Bank, to give sharper focus to customer satisfaction and delight are also underway.
Following facilities / Services are being provided to our customer ----->
Many More services and products are on the anvil.
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