Repco Bank - Govt. Coop Bank - Offers Loans, Deposits, Safety Vaults

Core Banking Solution

IMPLEMENTATION OF CORE BANKING SOLUTION
	Repco’s technology initiatives are clearly focused on the customer. The drive for the CBS came from the Chief Executive & I.T. initiatives are growing day-by day. The level of attention spent by top management to leverage IT as a tool to achieve and sustain operational excellence is increasing. I.T. function at the bank ensures that it lowers operation costs and gives the organization a competitive edge in the market.

	100% Reconciliation of Inter Branch accounts.

	Effective Internal Audit system is implemented and periodical reports obtained.

	Qualitative improvement in credit appraisal.

	Improvement in post sanction follow-up such as ensuring submission of stock / audited financial statements at periodic intervals / renewal of insurance policies / ensuring end use of funds.

	Introduction of Treasury Operations contributing to increase in Operating profit.

	Move towards “anywhere banking facility”.

	ATM Installation.

	Qualitative MIS Data available for Decision Making.

	100% Data security is facilitated & Pioneer in implementing CBS in the Cooperative Banking sector.

	IDG, India’s CIO magazine has recognized Repco Bank as a recipient of 2008 CIO Award. It recognizes Organizations that exemplify the highest level operational and strategic excellence in Information Technology (IT). Sri R.Rajagopal, General Manager (IT) from Repco Bank selected for this award.