Cooperative banks emerge from technological dark ages
NIC's cooperative core banking solutions aims to address some of the concerns of financial inclusion in rural areas
New Delhi: Urban banks adopted automation a long time back, linking their branches via core banking systems (CBS). Slowly, but surely, India’s cooperative banks are now emerging out of technological dark ages. Large parts of the sector now tick with a CBS developed by the National Informatics Centre (NIC), the government’s web services organization, which has brought them to the technology mainstream.