You are here: Home » Finance » News » Banks
Business Standard

Allahabad Bank merger: Combined CBS platform a success, says Indian Bank

This is the final step in the amalgamation, with data of 3,000-plus branches and all channels of erstwhile Allahabad Bank migrating seamlessly to Indian Bank database

Topics
Allahabad Bank | Indian Bank | PSU bank merger

T E Narasimhan  |  Chennai 

Allahabad Bank
Customers of erstwhile Allahabad Bank have been migrated to IndOASIS the Mobile Banking App of Indian Bank and they can avail mobile banking services with their existing credentials.

today announced the successful go-live of the consolidated CBS Platform. This follows the merger of into that was implemented with effect from April 1, 2020.

The CBS integration was taken up over the weekend of February 13/14 and successfully completed on time.

The CBS and all channels were made available for use by branches and customers from February 15.

"The integrated CBS is running smoothly across branches and channels. This is a ‘Big Bang’ merger by the CBS provider, where the data of 3,000-plus branches and all channels of the erstwhile were migrated seamlessly to the database," said Padmaja Chunduru, MD & CEO, Indian Bank.

The customer account numbers of both the remain unchanged and the login credentials of Internet Banking and Mobile Banking were also retained. Customers of erstwhile have been migrated to IndOASIS the Mobile Banking App of Indian Bank and they can avail mobile banking services with their existing credentials.

Chundur said “this is the final step in our amalgamation journey ‘Project Sangam’.

Starting immediately after the announcement of merger, the journey posed severe challenges under Covid, but the determination and commitment of our teams from the field and Corporate Office saw it through.

The support and cooperation from (Technology Partner) and Deloitte (Merger Consultant) and the way they worked shoulder to shoulder with our team made this possible, she said.

"We have kept our customers informed all through and shall be extra vigilant to ensure that we continue to deliver good service to our valued clientele. We sincerely thank our customers for their support and unstinted co-operation in our amalgamation journey,” said Chundru.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, February 16 2021. 17:34 IST
RECOMMENDED FOR YOU
.