[sbinews] SBI may outsource creation of =?UTF-8?Q?borrowersâ??? database (Financial Express)
- From: Rajendra S Pai <rspai@xxxxxxxxxxxxxxx>
- To: sbinews@xxxxxxxxxxxxx
- Date: Mon, 21 Feb 2005 20:14:27 -0800 (PST)
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SBI may outsource creation of borrowersâ database
The Financial Express
Published on February 22, 2005
Mumbai, Feb 21: In a bid to meet the Basel II guidelines, recently issued by
the Reserve Bank of India (RBI), the State Bank of India (SBI) is examining the
possibility of outsourcing the job of creating a database of its borrowers,
both retail as well as corporate, spanning a ten year period.
Said RN Ramanathan, deputy managing director, SBI; âAs banks focus on their
core competencies, and with IT assuming such significance in banking, it will
become increasingly important for banks to outsource implementation of
technology to specialised technology companies that operate in the banking
technology space.â
Mr Ramanathan was talking to reporters on the sidelines of the Banknet
Indiaâs CTO summit on Monday. Meanwhile, SBI expects to put about 1,000
branches on the core banking solution (CBS) platform by the end of the current
fiscal.
Said Mr Ramanathan: âIncluding the seven associate banks, the State Bank
group has around 14,000 branches, which we plan to bring under CBS at the
earliest. While SBI itself aims to put 1,000 branches on CBS platform by the
end-fiscal, the associate banks have their own individual targets.â
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