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Monday, June 13, 2005

Tech initiative award bestowed on SBI (Business Line)

Tech initiative award bestowed on SBI  (Business Line)   MUMBAI: The
Banker, a magazine published by Financial Times Business Ltd, has
conferred two technology initiative awards on the State Bank of India
group for bringing its 14,000 plus inland and 52 plus foreign branches
on two separate core banking platfo rms and for its electronic
communication networking project. The awards have been won under the
categories of the "most outstanding core banking solutions of the year"
and "most outstanding outsourcing project of the year," the bank said in
a release here today (Friday). The SBI group has managed to bring
its 14,000 plus inland and 52 plus foreign branches on two separate core
banking platforms namely 'Bancs@24' of FNS being implemented by TCS Ltd,
and Finacle core banking solutions of Infosys. The group is also
running an electronic communication-networking project called SBI
Connect, which is being implemented by Datacraft India. SBI Connect,
which is a wholly owned private communication network of the group helps
the banks central data centre to communicate seamlessly with its
branches using data, voice and video. - PTI

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