INTRODUCTION State Bank of India Largest nationalized commercial bank in India In terms of assets, number of branches, deposits, profits and workforce. Headquarters in Mumbai, India and employs about 205,896 people. Wide distribution network Highest market capitalization and profits
Largest branch network in india with 16000 branches. Over 8500 ATM’s. WEBSITE:statebankofindia.com
NEED FOR MIS 24 hours banking,7 days a week. Anywhere banking Introduction of new delivery channels,ATMs, Internet banking etc.. Efficiency in operation. Strengthening DSS,EIS etc and improve in the strategic areas like Trade Finance,Treasury.etc
SOLUTION The solution chosen by the SBI after due evaluation and keeping the above objectives in mind is a Core banking solution of Financial Network Services ,Australia, which has already been successfully implemented in diverse centralized environment. SBI had chosen TCS Limited ,the largest software and service company in the country, to customize the product to their needs and also to undertake pilot implementation.
Teams have been formed by the vendors as well as the Bank, which define the product specific functionalities and customize the software to meet the needs of the bank. Along side ,where ever considered expedient and in the interest of customers ,appropriate re-engineering of present systems and procedures and process will be brought about to exploit full potential of the package.
CORE BANKING SOLUTION It is a centralised data processing with IT application which branches and administrative offices are connected with the objective to provide any time any where banking efficiency in operation strengthening MIS/DSS/EIS handling effectively strategic areas like – trade Finance, Treasury, ALM(Asset Liability Management) etc.
Solution providers in SBI M/S financial network services (FNS), Australia -B@ncs24: software SBI use in CBS. -B@ncslink: linking software M/S comlink services, USA -Finance one: corporate general ledger part M/S china system, hongkong/ dubai -Exim bills: trade finance package. M/S Oracle corporation, USA -Oracle 9i: data base management Unix/ window 2000 -Operating systems
M/S data craft, Singapore -Maintenance of SBI connect: leased line connectivity Bharat Sanchar Nigam ltd (BSNL), india -Leased line for SBI connect & integerated services digital network (ISDN) line as a standby support. HP systems, USA -Hardware supplier Tata consultancy services(TCS) ltd -Customisation, integration and implementation HCL- comnet -VSAT
Differences of CBS from Bank master Bank master is reference information about a financial institution that is required to conduct business transactions with this financial institution, such as the institution’s contact information, offices and branches, clearing codes such as BIC(Bank Identifier Code), and domestic clearing codes.
Centralised data system with on-line, real time transactions Customers of bank and not just of a branch Anytime/anywhere banking Extensive use of mouse with keyboard Use of internet explorer. Multiple screen usage All users are tellers here CBS supports MIS/DSS/EIS(Management Information System/Decision Support System/Executive Information System)
CBS VERSIONS Present version - 1.2- from 2nd October, 2004 Earlier versions – 1.1, 1.105 & 1.11
IMPACT With the implementation of core banking, branches will be business fronts. The concept of a ‘brick and mortar’ branch will steadily lose its relevance. With the facility of networking of branches and many delivery channels, which will facilitate off-branch banking, physical presence of customers at branches will diminish; so will be the number of vouchers handled at branches. The requirements of a branch for reports can be taken care of by a Shared Operations Centre, for a group of branches in a particular geographical area. Inter-branch transactions will also reduce considerably, as there will be no need to issue a draft or pass an entry through Branch Clearing General Account between networked branches.
•A whole lot of information about the customer would be available for the frontline operator, facilitating cross selling of products•Real time, on line information about a customer or a branch would beavailable to controllers at various level
ARCHITECTURE The basic architecture of MIS of SBI is the centralized processing. With Its applications and data residing at Central Data Centre(CDC) to be located in Navi Mumbai, to which all the branches and administrative offices are connected. This type of processing has been preferred by the bank for networking of branches, dictated by volumes and to ensure on-line, real time MIS for decision making. So far, the different branches are computerizes only on a standalone basis.
FEATURES OF SYSTEM 24X7 Banking Anywhere Banking. Integration with strategic sectors Strengthening MIS, DSS and EIS Business Process Re- engineering (BPR ) enabler
AREAS OF ENHANCED FUNCTIONALITIES Core Banking will bring about connectivity between branches , making on-line, real time transaction processing possible. The customer under Core Banking would be customers of the bank, not just the customers of a particular branch. They can, seamlessly, transact business with the Bank wherever they are.
Facilitate Decision Support System/ Executive Information System, greatly facilitating timely executive inputs. Many value added services like ATM, Internet Banking will be available to customer. The solution lends itself to versatility and flexibility, even while retaining the much needed security features
BANK MASTER Bankmaster is essentially a transaction processing software with not much of MIS support. Core Banking would address this vital need, apart from MIS, would facilitate Decision Support System/ Executive Information System, greatly facilitating timely executive inputs. Many value added services like ATM, Internet Banking will be available to customer. While Bankmaster takes care of stand- alone computerization of a Branch, Core Banking will bring about connectivity between branches, making on-line, real time transaction processing possible.
The customer under Core Banking would be customers of the bank, not just the customers of a particular branch. They can, seamlessly, transact business with the Bank wherever they are. The solution lends itself to versatility and flexibility, even while retaining the much needed security features.