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NT Bureau
Chennai, Mar 13:
 

Reserve Bank of India deputy governor V Leeladhar and Infosys chief  mentor Narayana Murthy at the implementation of CBS  at Mahim Branch of Dena Bank in Mumbai yesterday.

        Dena Bank has drawn out plans to cover 92 per cent of its business under core banking solution (CBS) in the 3-4 years. In all, 850 branches out of its 1,122 branches including extension counters were slated for coverage.

        The Mahim branch of Dena Bank in Mumbai has come under CBS yesterday with V Leeladhar, deputy governor, RBI, and N R Narayana Murhty, chief mentor, Infosys Technologies, taking part as guests of honour at the launch function.

        Last month (23 Feb) the bank has inaugurated its Data Centre at its own premises at Jogeshwari East, Mumbai. The bank's Disaster Recovery Site in Bangalore is also operational to ensure business continuity. All new branches of Dena Bank would straightaway be brought under the umbrella of core banking.

        A tech-savvy bank with all its branches having been computerised and a base of 264 ATMs, including 51 at offsite locations, Dena Bank has on offer a range of products like like ATM cum debit cards, credit cards, Any-Where banking, multi-cheque facilities, mobile recharge facility and internet banking, Dena Bill Pay and e-Tax Pay, among others.

        The Bank has signed an MoU with Railways for installation of 117 ATMs and 78 kiosks for issuing various kinds of Railway tickets and e-tickets.

        In line with its policy of taking technology to rural and semi-urban areas, the bank has set up ATMs that operate on bio-metric technology in Gujarat.

        Dena Bank has adopted a fully outsourced model for CBS operations that has been executed by Wipro Ltd with Finacle software support from Infosys. The entire project had been preceded by business process re-engineering at the branches.

        The CBS extends a bundle of services like internet, phone and mobile banking, apart from Cash Management Services and integrated treasury operations through an exclusive software. Also, a number of third party software solutions were integrated with CBS with a view to address regulatory norms.

        Among others, the bank would be implementing, in a phased manner, solutions for asset liability management from Oracle, anti-money laundering from 3i Infotech, treasury management from Credence, cash management solution from Cashtech, credit appraisal system from Sysarc and integrated risk management from SAS, all of which would ensure Basel II compliance in prudential norms for the PSU banks.

        With a total business of over Rs 43,000 crore, Dena Bank has been recording steady growth in lending to agriculture, SMEs (small and medium enterprises) and retail sectors. The capital adequacy ratio (CAR) at 12 per cent in December 2006 gave the bank enough space for future asset growth and to comply with Basel II norms by March 2009. The bank's Networth has crossed Rs 1,000 crore, even as steady progress was being made to improve its asset quality with net NPAs hoverng under 2.5 per cent.