RGB becomes first Regional Rural Bank of Orissa to have CBS

BERHAMPUR: Rushikulya Gramya Bank (RGB) became the first Regional Rural Bank (RRB) in Orissa to be completely under Core Banking Solution (CBS). This achievement of the RGB coincided with its thirty-first anniversary. It may be noted that the RGB was established on February 14, 1981. It was among the first three RRBs sponsored by the Andhra Bank in the country. It is among the five RRBs active in Orissa. Chairman of the RGB PVSTR Seshagiri Rao said that all branches of the RGB getting together under the umbrella of CBS was a step towards financial inclusion of rural mass in Ganjam and Gajapati districts of south Orissa. The RGB also completed its core banking work in all its 81 branches within a record time and much ahead of the targeted schedule. Out of these 81 branches 71 are in Ganjam district while the rest ten are in adjoining Gajapati district. On December 18, 2010, the gate bazaar branch of the RGB in Berhampur city had become its first branch to have core banking facility. It was targeted to have all branches of the RGB under core banking by end of March this year. But the target was achieved one and half months ahead of schedule. Sponsor bank of RGB, the Andhra Bank has provided technical assistance for this core banking effort.

Source: The Hindu