Bangalore, India – March 17, 2020:
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced the successful implementation of core banking solution for Kaveri Grameena Bank as part of the merger with Pragathi Krishna Gramin Bank to form, Canara Bank sponsored Regional Rural Bank (RRB), Karnataka Gramin Bank.
Wipro had earlier provided technology-driven solutions for 688 branches of Pragathi Krishna Gramin Bank. Now the company has completely migrated 479 branches of Kaveri Grameena Bank for the newly formed Karnataka Gramin Bank. The amalgamated RRB will leverage the core banking solution platform to deploy state-of-the-art technology in all its 1167 branches.
This will enable simplified functioning processes and better customer experience. Wipro is also responsible for addressing maintenance and post-migration developments since the deployment in December 2019.
Shreenath H Joshi, Chairman, Karnataka Gramin Bank said, “We always aim to provide quality banking services with good customer care, supported by innovative technology solutions. Wipro’s global knowledge and technical experience with core banking solution has led to the successful delivery of this project before set deadlines.”
Commenting on the implementation, Sanjeev Singh, Senior Vice President & Business Head for India – State-Run Enterprises, Wipro Limited said, “Our deep expertise in the banking, financial services and insurance industry helped us provide best-in-class services to Karnataka Gramin Bank. The core banking solution implementation will help the RRB become more agile, deliver digital services to customers faster and strengthen its position in the marketplace.”
About Canara Bank and Regional Rural Banks
Canara Bank, a leading Public Sector Bank with Head office at Bengaluru has sponsored two RRBs operating in two states, viz. 1) Karnataka and 2) Kerala
Karnataka Gramin Bank (KaGB) with Head Office at Ballari is operating in Karnataka with 1167 Branches was formed on 01.04.2019 by amalgamating Pragathi Krishna Gramin Bank and Kaveri Grameena Bank.
Karnataka Gramin Bank is a pioneer in IT initiatives and priority of the Bank is to bring its customers, mainly rural population, to technology enabled Banking. The Bank offers various products catering to the needs of its customers. Karnataka Gramin Bank is the major lender under Agriculture portfolio in Karnataka state and also offers all loan products to its customers. The bank has created a Brand name of its own in its area of operation and a pioneer in uplifting the poor and downtrodden.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 175,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
Forward-looking and Cautionary Statements
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