Government to introduce core banking services in post offices
15 Mar 2010
The government is considering a proposal to introduce core banking solution (CBS) in 4,000 post offices across the country for ensuring "anytime, anywhere and any branch banking" in these 4,000 post offices.
Under the proposal, the financial outlay of Rs106 crore for development of CBS software, customer relations management, training, project management unit, centralised back office etc during the 11th Plan can be utilise for this, minister of state for communications and information technology Gurudas Kamat informed the Lok Sabha in a written reply today.
The project aims at provision of delivery channels like ATM, internet, phone and mobile banking services besides streamlining the existing operations of savings schemes /savings certificates. Till now, 117 officers have been imparted CBS appreciation training and 60 operative officials have attended workshop on core banking.
The government has also taken the following steps to make the post offices a profitable organisation:
* Modernise mail operations through improved transmission of mails, parcel and logistics between major cities; setting up of automatic mail processing centres and rationalisation of the existing mail network.
* Induction of technology in speed post network and financial services so as to increase the efficiency of operations.
