Government initiative for automation of co-operative banks structure through core banking solution

Abstract

National Informatics Centre (NIC) has developed a core banking software with name Co-operative Core Banking Solution (CCBS), considering requirement of Indian co-operative banking sector. Along with software development, NIC also provide implementation and hosting service of this software for co-operative sector under Software as a Service Model. Due to latest Service Oriented Architecture of software, NIC-CCBS is able to integrate other central / state government software/applications and can generate meaningful MIS for decision / policy making for management level. This can also provide a good platform for other e-governance projects by establishing network connectivity, computer awareness and capacity building. NIC-CCBS is implemented at more than 100 co-operative bank locations across two states of India i.e. Chhattisgarh & Meghalaya and serving more than 20000 banking transactions on daily basis. NIC -- CCBS implementation has been implemented in step wise process which includes Business understanding, Process engineering, Data digitization, Data quality, Data Migration, hands hold support. On completion of CCBS application for State Co-operative Bank, District Central Co-operative Bank, Primary Agriculture Co-operative societies, NIC is moving ahead to serve to Agricultural Land Development Banks, Treasury Banks and State financial corporations.