APCOB Driving Digital Ecosystem Into Rural Areas

K. Tulasi Prasad outlines APCOB’s plans to have off-site ATMs at convenient locations in Vijayawada.

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7 of 13 DCCBs launch mobile banking app:

Consequent on reorganization of the state of Andhra Pradesh, the Andhra Pradesh State Cooperative Bank was reconstituted as Telangana State Cooperative Apex Bank (TSCAB) and residual Andhra Pradesh State Cooperative Bank (APCOB). The parent bank had computerized its operations way back in 2002 with a 3-tier architecture using client server technology.

OMNI ENTERPRISE

The bank has a centralized IT department - Information Technology Services Division (ITSD) – at Vijayawada. It takes care of all technology-related issues in the bank and associated DCCBs. The bank implemented new version of core banking in March 2016 to extend better customer services in. K. Tulasi Prasad, MD of the bank, says this has enabled the bank to remove servers in the branches and achieve data integrity at the central level. It has also facilitated dynamic reporting based on requirements. “We have implemented OMNIEnterprise version 3.0, the advanced version of CBS for better functionality and incomparable banking operations. All our branches are offering services like RTGS, NEFT and DBT and deposit and loan modules are in place. In addition, short term (crop loans) and investment credit modules are under CBS platform,” says Tulasi Prasad.