In a primary three-way amalgamation, Vijaya Bank and Dena Bank have been merged with Bank of Baroda on April 1, 2019.
As a part of the method, 2,135 branches of Vijaya Bank and 1,777 branches of Dena Bank merged with BoB.
The bank had earlier accomplished IT integration or migration of 20 branches of Vijaya Bank.
“We took an incremental strategy for migration. As a check case, we first migrated one department of Vijaya Bank after which 10 branches. Earlier this month, we migrated one other set of 10 branches, and this weekend we migrated 132 branches,” the bank”s chief know-how officer Sharad Saxena mentioned.
All these 152 branches of erstwhile Vijaya Bank at the moment are operating on Finacle 10, the identical IT platform which BoB is utilizing, he mentioned.
Earlier than the migration course of began, all of the fee channels similar to ATMs, NEFT, RTGS and IMPS, UPI, of Vijaya Bank and Dena Bank have been built-in with BoB.
Saxena mentioned as soon as fee techniques have been built-in, the method of migration started beginning with branches of Vijaya Bank.
The bank plans to finish IT integration of the steadiness 1,983 branches of Vijaya Bank by September-October this 12 months.
Saxena mentioned IT integration of Dena Bank will begin from subsequent month and is prone to be accomplished by end-December or January 2021. PTI HV BAL
Disclaimer :- This story has not been edited by Outlook workers and is auto-generated from information company feeds. Supply: PTI