Monday, March 10, 2008

Core Banking Solutions extended to Dhanalakshmi banks 181 branches

Dhanalakshmi Bank extended its banking network by extending core banking solutions to 181 branches and 26 extension counters, spread across eight States in the country. To increase its technological competence bank has installed the Flexicube software of i-Flex Solutions.

While declaring publicly of the extension of CBS facilities, the Managing Director and CEO, P.S. Prasad, said that the operational performance of the bank has been improving on all fronts and that the total business volume is close to Rs 5,500 crore.

When all the branches will be completely migrated to CBS then it will be of great help for the bank to significantly improve the quality and range of its services to its growing clientele. All the bank customers will be ‘bank customers’ rather than ‘branch customers’, with the option of operating their accounts from any of the bank’s branches.

Prasad said converting the branches into core banking solution will enhance the bank’s capabilities to proactively introduce a new suite of products in according to the expectation of the customers’ needs. The bank is also working on IT-enabled financial inclusion. To increase the area of customer base the bank has launched two new products, a savings bank account product called Dhanam Platinum and a current account product called Dhanam Super Power.

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