Infosys Finacle announces Digital Banking SaaS offering for Urban Cooperative Banks in India
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Infosys Finacle introduces Digital Banking SaaS designed for Indian Urban Cooperative Banks
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Infosys Finacle announces digital banking software as SaaS for UCBs
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Maharashtra Urban Cooperative Banks Federation Chairman Vidyadhar Anaskar who doubles as the Chairman of Pune based Vidya Sahakari Bank has prepared a model draft proposal for UCBs for amending their Bye laws for constituting Board of Management.
Meanwhile, the draft has been submitted to the Reserve Bank of India for their approval. After the approval any UCB can adopt this without getting it approved by RBI.
In a telephonic communication with Indian Cooperative correspondent, Anaskar said, in a recent meeting held with top officials of RBI at Mumbai, we had informed them that despite extension of the deadline for constituting BoM I think it is not possible for RBI to approve the draft of each bank within six months. So, I suggested to them that Vidya Bank had prepared a model draft and submitted it to RBI for approval which could be replicated by other banks. The latter could do without framing their own”, he added.