India-based Canara bank has inked a 5-year
deal with Wipro Infotech to upgrade the lender’s core banking
software within its rural business units.
India-headquartered Wipro will centralise IT
at Canara Bank’s three Regional Rural Bank (RRB) divisions across
India comprising a branch network of 900 units and offices.
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The centralisation of the branch network’s IT
will also include the integration of training centres, data
centres, disaster recovery centre and network operations
centre.
The bank said it is targeting a more efficient
approach to offering low-cost innovative banking products and
services.
In a separate note, the bank announced plans
to open branches in Qatar, Johannesburg and Frankfurt.
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