Infosys' Finacle Bags 20 Deals From RRBs

Twenty regional rural banks have placed orders with Infosys for its banking solution product, Finacle, which allows anywhere, any branch banking.

"We have signed 20 deals for implementation of core banking solutions in regional rural banks (RRBs) and we are in talks with other such banks," Infosys Technologies (Finacle) Head Haragopal M told PTI.

Asked about names of banks it is in discussion with, he said that it is premature to talk about clients.

More orders, he said, are likely to come as all the RRBs have to migrate to CBS by September 2011, the deadline set by RBI. Currently, there are 86 RRBs in the country of which three banks have become 100 percent CBS. (PTI)

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