IBM extends Indian bank customerbase
Sardar Bhiladwala Pardi People’s Co-operative Bank has signed a 10-year IT services deal with Gujarat.
The 80-year-old co-operative bank was on its way to implementing a Core Banking solution and signed up with IBM to manage its IT infrastructure requirements remotely from IBM’s Global Management Center in Bangalore. The end-to-end managed services provided by IBM will reduce upfront capital expenditure for the bank allowing it to spend in an operational expenditure model over a 10-year period.
The Sardar Bhiladwala Pardi People’s Co-operative Bank’s main objective is to help improve the lives of farmers, small traders and artisans.
The agreement follows IBM’s partnerships with other co-operative banks across the country, including Madhav Nagrik Sahakari Co-operative Bank in Rajasthan, and with the Kurmanchal Nagar Sahkari Bank in Nainital in Uttarakhand.