The IT giant Wipro has provided the state cooperative banks in 5 states of the country with the core banking solution in a bid to extend e-banking facilities to customers in the countryside. Wipro sources say the cooperative banks are located in Bihar, Haryana, Maharashtra, Punjab and Utter Pradesh.
As desired by Nabard, the IT company will undertake computerisation of 76 state and district cooperative banks including nearly three thousand branches existing in several states across the country.
Provision of computer facilities will mark a revolutionary change in the functioning of the cooperative banks operating in rural areas.
Farmers will be able to receive e-payments towards subsidy, sending of money from cities to the countryside will become easy.
The cooerative banks will expand their business and activities and they will be on a par with the rest of the banks in terms of application of technology and banking methods.