IT integration of SBI and associate banks to finish by December.
Global Banking News-September 23, 2016--IT integration of SBI and associate banks to finish by December
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Global Banking News - 23 September 2016
State Bank of India (NSE: SBI) said that the merger of its IT systems with those of its associate banks would conclude by December.
The bank said that the integration of IT backbone, a key component in the merger, would be completed by the end of this December. The banks are looking to complete the merger by March 31, 2017.
SBI chief information officer and deputy MD, D Mrutyunjay Mahapatra, said, 'We have already started the IT integration with our five associate banks and Bharatiya Mahila Bank. We are in readiness. This will get over by the end of the current year. We need to do what is called data-duplication and some other schemes that need to be merged. But all entities are already on the same software platform. The plan is to complete IT merger by end of December.'
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