Tata Communications said that its Core Banking Solution (CBS) iwhic it deployed for Nainital Bank is ready to go live in Delhi nd NCR with the rest of the branches to be covered under it shortly.

Tata Communications Banking InfraSolutions Ltd (TCBIL), subsidiary of Tata Communications will provide its packaged banking solutions referred to as ‘Bank in a Box’. The services on offer will include

“We are proud to partner Nainital Bank in their automation drive with our hosted CBS solutions which are specifically tailor-made for smaller banks that have the aspiration of modernizing but face challenges associated with high capital cost for captive CBS. Our solution allows banks to opt for pay-per-branch model, thereby removing the need for investing and maintaining captive IT infrastructure,” Rajiv Singh, President, TCBIL said.

Nainital Bank has a network of 92 branches with a fifth of them in the Delhi NCR Region. The entire implementation is likely to get over in the next few months.