The Hindu Business Line : Karnataka to run pilot project for core banking solutions
Unbelievable. Fantastic. Amazing. All these words are insufficient to appreciate latest development in postal services. CBS took long years to stabilise in the banking system. Software, hardware problems, manpower shortages, lack of continuous power, and network problems were hindering CBS to be introduced in a big way in the banks in India. It took long years, of course and yet they can not declare to have this facility full-fledged.
At this juncture, if Post Office could think of offering CBS facility on a pilot basis this year (that too in 50% offices in Karnataka) and gradually expanding to all-India in 2012, is a wonderful news. Let us wait and see the transformation.