நம்மிடம் தான் முன்னாடியும் ஆபீசு நடக்குது (இலாக்கா ) பின்னாடியும் ஆபீசு நடக்குது (GDS ) பிறகு என்ன கம்பெனிகளை கொண்ட பின்னாடி ஆபீசு என்னதான் நடக்குது அஞ்சல் இலாகாவில் ????????????
Wipro, Infosys, IBM vie for India Post payments bank’s back end operations
Written By Admin on Jul 18, 2016 | July 18, 2016
At least 15 companies, including Wipro Ltd, Infosys Ltd and
International Business Machines Corp. have shown an interest in handling
the back end operations of India Post Payments Bank (IPPB).
All of these companies have responded to a request for proposal (RFP)
released by the department of posts on 1 July on its website, a person
with direct knowledge of the matter said. The RFP aims to select a
systems integrator for delivery of business applications and IT systems
for IPPB for a period of five years, and each of these companies has
paid Rs.50,000 for the tender document.
The department of post is expected to brief the applicants in the next
few days, and the final bids are expected to come in by the beginning of
August.
“Both in terms of size and value, the contract is huge. Unlike any other
large commercial banks, this will have to have a lot more levels of
simplicity since it caters to a different category of customers,” said
Ravi Trivedi, an independent consultant who was formerly with audit firm
KPMG.
The contract size could be roughly for at least Rs.500-700 crore, Trivedi said.
The postal department will then take a couple of months for evaluation
before announcing the winner, said the person aware of the issue quoted
above.
“Payment banks’ business models are based on technology; so, there will
be high focus and spending on technology,” said Abizer Diwanji, partner
and national leader, financial services, EY India.
The department of posts has already awarded a contract to Infosys as its
financial services integrator for implementing core banking solutions
and installing automated teller machines. Tata Consultancy Services Ltd
also won a six-year contract in 2013 for India Post’s IT modernization
programme.
Prime Minister Narendra Modi’s government, as part of its Digital India
programme, is banking on IPPB to take its schemes such as direct
benefits transfers to the remotest corners of the country on the
strength of India Post’s strong network of about 150,000 post offices.
Like other payments banks, IPPB will target financially excluded
customers such as migrant workers, low-income households and tiny
businesses. It will not lend and, as a result, will be shielded from the
risks that conventional banks are exposed to.
“Payments banks are a very strong component of Digital India and can
have a high impact and will bring down the cost of bank transactions in
rural areas,” said Ashis Sanyal, a former senior director at the
department of electronics and information technology.
The department of posts was among the 11 entities that got an
in-principle approval from the Reserve Bank of India (RBI) in August
2015 to start a payments bank. Of these, Tech Mahindra Ltd; Sun
Pharmaceutical Industries Ltd promoter Dilip Shanghvi and his partners;
IDFC Bank Ltd; Telenor Financial Services, and Cholamandalam Investment
and Finance Co.— have surrendered their licences after they discovered
the business is characterized by high volume and low profit.
For India Post, though, the business will be a natural extension of its work.
Considering the size of India Post’s operations and its reach in the
hinterland, this vertical is a lucrative proposition both for the
government-owned entity and the private companies who seek to work with
it.
Infosys did not respond to queries sent on Thursday.
“We do not comment on ongoing business pursuits,” a Wipro spokesperson said.
On 8 July, the cabinet approved a proposal to set up IPPB with a corpus
of Rs.800 crore. The then minister for communications and information
technology, Ravi Shankar Prasad, had said IPPB had plans to open 650
branches and will be operational by September 2017.
The payments bank will begin with Rs.400 crore equity capital and a
Rs.400-crore government grant. IPPB plans to set up 5,000 automated
teller machines as well, Prasad had said
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