Friday, May 27, 2011

Polaris to install Core Banking Solutions for RBI

Polaris Software has successfully bagged $55 million deal with The Reserve bank of India to provide Core Banking Solutions to the bank for tenure of next 10 years.

After the development, all the offices of RBI will be covered under Core Banking Solutions that will boost the efficiency of RBI to maintain record of all the operations. Polaris will also cater to the IT requirements of the Central bank for next 10 years major concern being security.

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