Indian Bank completes core banking software integration of erstwhile Allahabad Bank

Indian Bank completes core banking software integration of erstwhile Allahabad Bank

Public sector lender Indian Bank on Monday announced that it has completed the integration of the software system with the erstwhile Allahabad Bank after the merger. The lender stated in its regulatory filing that it has successfully conducted the process of technical migration of CBS/ITMS software of erstwhile Allahabad Bank with CBS/ITMS software of Indian Bank.

The scheme of merger of Allahabad Bank with Indian Bank commenced on April 1, 2020.

Also Read: RBI cancels registration of 120 non-bank lenders, put 50 under close watch

Indian Bank performed the migration process on 13-14 February, and had communicated to its customers that they May have to face some disruption in services.

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