rrfi Rln1rsr$qfrdrsfu rrsrq FqrqlT{ qr{ rFbT ErrIIrr5I r{fir qqnorqldq : $ad, irqr (g) , grr{ - 400 051 tf : +91 22 2653 0024 . +-fi : +91 222653 O15O {-+tr : dfi [email protected]. +iiqrag : www.nabard.org National Bank for Agdculture and Rural Development Dept. of Flnancial Inclusion & Banking Technology Head Ofiice : BKC, Bandra (E), Mumbai - 400 051 Tel. | +912226530024 . Fax : +91 22 2653 0150 E-mail : [email protected]. Website :www.nabard.org Ref NB.DFIBT/ 17 188-17 5 67 CBS-7 I /201 5-1 6 02 February 2016 CircularNo. 2-S /DFIBT_ oL /2016 The Managing Director/ Chief Executive Officer All State Cooperative Banks and Djstrict Central Cooperative Banks Dear Sir. support to licensed rurar cooperative Banks for imprementation of core Banking Solution. cooperative Banks in the country have implemented core Banking Solutions either under Ownership Model or under Application Service provider Model. CBS is the backbone on which all other delivery channels will ride. Hence stabilization ofcBS is necessary for the banks to provide Rupay Debit / Kisan cards which can be used in ATM, PoS, Micro ATM and at e-comm sites. It will also enable the uant<s'to participate in online remittance platform like RTGS and NEFT and other pratforms like NACH, crS etc. To .encourage.the banks to stabilize cBS, it has been decided to provide support under FIF for the implementation of cBS. This is a one time measure and should not be considered as a precedent for further fi.urding, in future, in respect of proposals relating to similar normar bankins activities. Project Details: i. CBS Models to be supported under FIF, The stcBs and DCCBs implementing cBS under ownership model and the ASp moder will be eligible for support for CBS under FIF. ii. Eligibility Criteria for availing support under a) The bank should have Banking License b) The Bank should have a minimum GRAR of 7% as on 31 March 2015 and maintain ihe same on an ongoing basis and reach 9%o as at theend on 31 March 2017. c) Bank should be in profit for at least 2 of the last three years. d) Bank should have Board approved IT aad IS policy in place. e) qank should be a member of Credit Information Companies. rif'{rtdtTrt Taklng Rural India >> Forward
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HO Circular CBS Support to Cooperative Banks- English
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7/25/2019 HO Circular CBS Support to Cooperative Banks- English