Monday, January 8, 2001
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Bank of Rajasthan in partnership with Infosys, IBM 

MP Jain  
Jaipur: The private sector Bank of Rajasthan Ltd has tied up with Infosys Technologies and IBM for bringing about improvement in its overall working. For networking it is on the look out for yet another internationally known company.

On the computerisation and other related works the bank has approved plans to spend heavily so that 60 of its 320 branches are equipped with the latest technical set up.

It has drawn plans for inter-connectivity and anywhere banking. This year itself three of its branches will have these facilities. BOR has already launched its own Website and the technical initiatives taken by the management are aimed at having a better show next year. It has set up ATMs at some of its branches.

We plan to start tele-banking, e-banking and mobile-phone banking, says Mr K Bhattacharya, managing director. In an interview with the The Financial Express here on Friday Mr Bhattacharya said that the steps have now begun to produce results.

Mr Bhattacharya added that his bank would also soon launch its own credit card and in this connection talks were going on with leading private bank.It is worth noting here that BOR had run into serious problems in the past with NPAS. Bad loaning had put its funds in wrong hands. Even now the cash losses are staggering at around Rs 160 crore.

RBI had even removed two of the directors of the bank who owed their allegiance to Bangurs of Calcutta. The bank is now in the control of Tayals of Mumbai with Bangurs totally out from its management.

Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.

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