Finacle core banking implementation has now been successfully implemented across all branches to facilitate the delivery of state-of-the-art banking services. The bank has already been live on Finacle’s Consumer e-Banking solution since April 2011 and is serving over 180,000 customers through this channel.
Mr. Romesh Sobti, MD & CEO, IndusInd Bank said, “The Bank believes in driving its business through technology, and with Finacle, we are able to achieve our growth plans and meet the ever changing customer needs. We are confident that Finacle will help significantly scale up our customer base and branch footprint besides improving productivity.”
Adds, Mr. Paul Abraham, Chief Operating Officer, IndusInd Bank said, “Finacle core banking implementation is one of the most significant steps in Bank’s transformation journey with which the Bank sits at the cusp of significant growth, both in terms of physical distribution and range and sophistication of its products suit.”
Haragopal Mangipudi, Global Head - Infosys Finacle™, said “We are delighted with the successful implementation of Finacle core banking at IndusInd Bank. With this core banking implementation, IndusInd bank is ideally placed to accelerate innovation, offer superior products and stay ahead of emerging customer demands.”
About IndusInd Bank
IndusInd Bank, which commenced operations in 1994, caters to the needs of both consumer and corporate customers. Its technology platform supports multi-channel delivery capabilities. IndusInd Bank had 441 branches, and 796 ATMs spread across the country as of September 30, 2012. The Bank also has representative offices in London and Dubai.The Bank believes in driving its business through technology. It enjoys clearing bank status for both major stock exchanges - BSE and NSE - and major commodity exchanges in the country, including MCX, NCDEX, and NMCE. IndusInd Bank also offers DP facilities for stock and commodity segments.
RATINGS:
‘ICRA AA’ for Lower Tier II subordinate debt program and ‘ICRA AA-‘ for Upper Tier II bond program by ICRA. ‘CRISIL A1+’ for certificate of deposit program by CRISIL. ‘CARE AA’ for Lower Tier II subordinate debt program by CARE. ‘Ind AA-‘ for Long Term Debt Instruments and ‘Ind A1+’ for Short Term Debt Instruments by India Ratings and Research (formerly known as Fitch Ratings). Visit us at www.indusind.com
About Infosys
Infosys partners with global enterprises to drive their innovation-led growth. That's why Forbes ranked Infosys 19th among the top 100 most innovative companies. As a leading provider of next-generation consulting, technology, and outsourcing solutions, Infosys helps clients in more than 30 countries realize their goals. Visit www.infosys.com and see how Infosys (NASDAQ: INFY), with its 150,000+ people, is Building Tomorrow's Enterprise® today.
