BoM partners
with TCS to implement CBS
The
Financial Express
March 23, 2006
Bank of Maharashtra has
signed a contract with Tata Consultancy Services to
implement core banking solution. The value of the contract
is Rs 178 crore and CBS platform would be extended to
600 branches of the bank, which is expected to cover
80% of its customer base. Present during the initiative,
BOM's chairman and managing director SC Basu said "
we plan to have a continued focus on retail lending
which has witnessed a growth of Rs 800 crore in its
retail lending portfolio in the past seven months."
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