The Punjab State Cooperative Bank and 20 district central cooperative banks signed a CBS Upgradation Agreement with Edgerve Systems and Dynacons Systems and Solutions.
The agreement, witnessed by Special Chief Secretary VK Singh, aims to boost transparency and accountability in the cooperative sector.
The use of Infosys’s Finacle 10 for Core Banking Solution will improve stakeholder integration, streamline transactions, and enhance sector efficiency.
Singh highlighted this initiative as a key move towards empowering the state’s cooperative sector and preventing fraud.