CSB to implement CBS

Chennai, Jan 10 (UNI) Sun Microsystems India has been selected by Catholic Syrian Bank (CSB) to implement a comprehensive Core Banking Solutions (CBS) to help centralise its operations and deliver faster and more flexible services to its customers.

Talking to newspersons here today, CSB Chairman and CEO R Venkataraman said given the dynamic and extremely competitive environment that the Indian banking industry operates in, the bank embarked upon a centralisation and modernisation drive to help deliver faster and better values for its customers to achieve significant cost advantages.

The total cost for implementing the CBS would be Rs 40 crore, he added.

He said the application was on Oracle Database Platform with the implementation of Solaris ten, Sun's flagship operating system, running Sun V 490 Server on a cluster for its database.

"The project is expected to be completed by the end of August 2008", he added.

He said "since migrating our system to Sun, would not only acquire benefits of increaed performance and the reduced price but also would help us to reap the additional benefits of energy and space-efficiency, both of which are becoming increasingly critical in this competitive industry".

"With this initiative, we will continue to provide our customers with the best of services", he added.

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