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Banks ATM Network And Customer Services
Banks ATM Network and Customer Services (BANCS) is an interbank network in India. It was launched on 25 February 2004, with 13 member banks. It is managed by an advisory board consisting of member banks. It is successor to the now-defunct Swadhan ATM network. After the cyber attack by Wannacry several ATM were shut down in Kerala in May 2017 Member banks # Bank of Maharashtra # Bank of Bahrain and Kuwait Greater Bombay Co-op Bank# Centurion Bank # Central Bank of India # UTI Bank # Punjab & Sind Bank # IDBI Bank Ltd # RBL Bank # # Cosmos Bank Air Corporation Employees Co-op Bank# Saraswat Bank Technology BANCS is supported by the India Switch Company (ISC), acquired by eFunds in 2005, which in turn, was acquired by Fidelity National Information Services. ISC supports BANCS through a mix of VSATs, ISDN, leased lines, CDMA and GPRS. The financial switches used in the system are provided by Oasis Technology Ltd., Mumbai. The software used is from IBM, Solaris and Ora ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interbank Network
An interbank network, also known as an ATM consortium or ATM network, is a computer network that enables ATM cards issued by a financial institution that is a member of the network to be used to perform ATM transactions through ATMs that belong to another member of the network. However, the functions which may be performed at the network ATM vary. For example, special services, such as the purchase of mobile phone airtime, may be available to own-bank but not to network ATM cardholders. Furthermore, the network ATM owner may charge a fee for use of network cards (in addition to any fees imposed by the own-bank). Interbank networks enable ATM cardholders to have access to ATMs of other banks that are members of the network when their own bank's ATM is unavailable. This is especially convenient for travelers traveling abroad, where multinational interbank networks, like Plus or Cirrus, are widely available. Interbank networks also permit, through different means, the use of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Bahrain And Kuwait
The Bank of Bahrain and Kuwait (BBK) was established on 16 March 1971 in both the Kingdom of Bahrain and the State of Kuwait. Its shareholders consist of the public, the government of Bahrain, banks and investment companies in Kuwait. BBK engages in the provision of various services and banking products throughout its branches in Bahrain, Kuwait and India as well as its representative office in Dubai, United Arab Emirates. Operations The BBK is split into four major segments: ''Retail Banking'' deals with individual customers through e-banking, loans, multi-feature accounts, credit facilities etc.; ''Treasury and Investment'' which handles internal consults with the various departments and affiliated companies to handle capital management; ''Corporate Banking'' focuses on corporate and institutional customers within Bahrain; and ''International Banking'' works with overseas corporates and institutional customers, with branches in India, representative offices in Turkey and Dubai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of India
The Central Bank of India (CBI) is an Public sector banks in India, Indian public sector bank based in Mumbai. Despite its name, CBI is not the central bank of India, a role served by the Reserve Bank of India. History The Central Bank of India was established on 21 December 1911 by Sir Sorabji Pochkhanawala with Sir Pherozeshah Mehta as chairman, and the first commercial Indian bank completely owned and managed by Indians. Early-20th century By 1918 Central Bank of India had established a branch in Hyderabad. A branch in nearby Secunderabad followed in 1925. In 1923, it acquired the Tata Industrial Bank in the wake of the failure of the Alliance Bank of Simla. The Tata bank, established in 1917, had opened a branch in Madras in 1920 that became the Central Bank of India, Madras. Central Bank of India was instrumental in the creation of the first Indian exchange bank, the Central Exchange Bank of India, which opened in London in 1936. However, Barclays Bank acquired Cent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UTI Bank
Axis Bank Limited, formerly known as UTI Bank (1993–2007), is an Indian multinational banking and financial services company headquartered in Mumbai. It is India's third largest private sector bank by assets and fourth largest by market capitalisation. It sells financial services to large and mid-size companies, SMEs and retail businesses. As of 30 June 2016, 30.81% shares are owned by the promoters and the promoter group ( United India Insurance Company Limited, Oriental Insurance Company Limited, National Insurance Company Limited, New India Assurance, General Insurance Corporation of India, Life Insurance Corporation of India and Unit Trust of India). The remaining 69.19% shares are owned by mutual funds, FIIs, banks, insurance companies, corporate bodies and individual investors. History The bank was founded on 3 December 1993 as UTI Bank as a part of Unit Trust of India, a Government of India entity, opening its registered office in Ahmedabad and a corporate office ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Punjab & Sind Bank
Punjab & Sind Bank is an Indian public sector bank headquartered in New Delhi. the bank has 1570 branches, which are widely spread across India. The largest number of branches are in the state of Punjab - 635 branches. The bank has 25 zonal offices, which are located all over India. History The first branch of the bank in Amritsar was established on 24 June 1908 by Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh to serve the then Sind and Punjab areas of colonial India. On 15 April 1980, Punjab & Sind Bank was among six banks that the Government of India nationalised in the second wave of nationalisation (the first wave had been in 1969 when the government nationalised the top 14 banks). In the 1960s, Punjab & Sind Bank established a branch in London. In 1991 Bank of Baroda acquired Punjab & Sind Bank's London branch at the behest of the Reserve Bank of India following Punjab & Sind's involvement in the Sethia fraud in 1987. Since 2004, the bank has s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IDBI Bank Ltd
The IDBI Bank Limited (IDBI Bank or IDBI) is a Scheduled Commercial Bank under the ownership of Life Insurance Corporation of India (LIC) and Government of India. It was established by Government of India as a wholly owned subsidiary of Reserve Bank of India in 1964 as Industrial Development Bank of India, a Development Finance Institution, which provided financial services to industrial sector. In 2005, the institution was merged with its subsidiary commercial division, IDBI Bank, and was categorised as "Other Public Sector Bank" category. Later in March 2019, Government of India asked LIC to infuse capital in the bank due to high NPA and capital adequacy issues and also asked LIC to manage the bank to meet the regulatory norms. Consequent upon LIC acquiring 51% of the total paid-up equity share capital, the bank was categorised as a 'Private Sector Bank' for regulatory purposes by Reserve Bank of India with effect from 21 January 2019. IDBI was put under Prompt Corrective ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RBL Bank
RBL Bank, formerly known as Ratnakar Bank Limited, is an Indian private sector bank founded in 1943 and headquartered in Mumbai. It offers services across five verticals: corporate banking, commercial banking, branch banking and retail liabilities, retail assets, and treasury and financial markets operations. History On 6 August 1943, Ratnakar Bank was founded as a regional bank in Maharashtra with two branches in Kolhapur and Sangli by Babgonda Bhujgonda Patil from Sangli and Gangappa Siddappa Chougule from Kolhapur. It mainly served small and medium enterprises (SMEs) and business merchants in the Kolhapur-Sangli belt. The bank was incorporated in Kolhapur district on 14 June 1943 as Ratnakar Bank Limited. In 1959, the bank was categorized as a scheduled commercial bank as per the Reserve Bank of India Act, 1934. During this decade, it was referred to as an NH4 Bank. In 1970, it received a banking license from the Reserve Bank of India (RBI). In July 2010, Vishwavir Ahu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cosmos Bank
The Cosmos Co-operative Bank Ltd. (Cosmos Bank), established in 1906, is one of the oldest Urban Co-operative Banks in India. Cosmos Bank celebrated its centenary on 18 January 2006. It is one of the first co-operative banks in the country to implement Core Banking System (CBS) across the entire network of its then 140 service outlets using Finacle-Infosys Core Banking Software. It also received an authorized dealer (AD) license from the Reserve Bank of India to become the third co-operative bank in India to have such a license in thirty years. The bank is headquartered in Pune in its Corporate Office at Cosmos Tower, Ganeshkhind Road, Shivajinagar, Pune. This bank was founded on 18 January 1906 in Pune by Krishnaji Sadashiv Gore and Shankar Hari Barve. The first Chairman of the Cosmos Bank was ''Sahitya Samrat N.C. Kelkar alias Tatyasaheb Kelkar''. On 1 December 1990, Cosmos Bank received the Scheduled status and within a short span of just 7 years, on 28 November 1997 the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saraswat Bank
Saraswat Co-operative Bank Ltd. is an urban co-operative banking institution, having its headquarters in Mumbai, Maharashtra, India and operating as a co-operative society since 1918. The Founding Members of the society were J.K. Parulkar as chairman, N.B. Thakur as vice-chairman, P.N. Warde as Secretary, and Shivram Gopal Rajadhyaksha as Treasurer. In 1988, the bank was conferred with the Scheduled status by the Reserve Bank of India. It is the first co-operative bank to provide merchant banking services. It received a permanent license to deal in foreign exchange in 1979. Presently, it has a correspondent relationship in 58 countries covering nine currencies with over 162 banks. The bank's total business was approximately in the year 2000, and had reached in 2020. In the last two decades, the bank has witnessed a steady growth in business and has undertaken several strategic business initiatives, such as business process reengineering, and merging and nurturing seven coo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EFD (eFunds Corporation)
EFD (or eFunds Corporation) was a Scottsdale, Arizona based payments processor of electronic payments including debit card and automated teller machine (ATM) transactions. It provided financial service companies and other large enterprises with new account decisions, fraud detection and payment processing services. On June 27, 2007, Fidelity National Information Services, Inc. (FIS) announced that it was acquiring EFD in an all-cash transaction valued at about $1.8B. The target completion date for the acquisition was the 3rd quarter of 2007. Company history EFD was formed as eFunds Corporation in 1999 as a spin-off from Deluxe Corporation, bringing together established players in financial risk management and electronic transaction processing services; previously distinct businesses within Deluxe. In January 2000, iDLX Technology Partners, another Deluxe unit, combined with eFunds to add professional services and business process outsourcing capabilities to the new business. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fidelity National Information Services
Fidelity National Information Services, Inc. (FIS) is an American multinational corporation which offers a wide range of financial products and services. FIS is most known for its development of Financial Technology, or FinTech. Annually, FIS facilitates the movement of roughly $9 trillion through the processing of approximately 75 billion transactions in service to more than 20,000 clients around the globe. FIS was ranked second in the FinTech Forward 2016 rankings. After acquiring Worldpay for $35 billion in Q3 of 2019, FIS became the largest processing and payments company in the world. History The company was founded in Little Rock in 1968 as Systematics, which was later acquired by ALLTEL Information Services as its Financial Services division. Alltell then sold this division to title insurance giant Fidelity National Financial in 2003, who renamed it Fidelity Information Services (FIS). Operations FIS has a portfolio of products for the financial services sector, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Solaris (operating System)
Oracle Solaris is a proprietary software, proprietary Unix operating system offered by Oracle Corporation, Oracle for SPARC and x86-64 based workstations and server (computing), servers. Originally developed by Sun Microsystems as Solaris, it superseded the company's earlier SunOS in 1993 and became known for its scalability, especially on SPARC systems, and for originating many innovative features such as DTrace, ZFS and Time Slider. After the Acquisition of Sun Microsystems by Oracle Corporation, Sun acquisition by Oracle in 2010, it was renamed Oracle Solaris. Solaris was registered as compliant with the Single UNIX Specification until April 29, 2019. Historically, Solaris was developed as proprietary software. In June 2005, Sun Microsystems released most of the codebase under the CDDL license, and founded the OpenSolaris Open-source software, open-source project. Sun aimed to build a developer and user community with OpenSolaris; after the Oracle acquisition in 2010, the Open ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
