Tata Communications to implement hosted core banking solution for Jaoli Bank

 Tata Communications to implement hosted core banking solution for Jaoli BankTata Communications, the leading provider of state-of-the-art infrastructure solutions for the banking and financial sector, today said Dattatraya Mahraja Kalambe Jaoli Sahakari Bank Limited (Jaoli Bank), one of the renowed and leading co-operative banks of Maharashtra, has chosen it to implement hosted core banking solution (H-CBS) for the bank.

Jaoli Bank has a network of 9 branches and has opened its 10th branch today in Navi Mumbai. The lender has a history of over three decades and is part of the flourishing co-operative movement of Maharashtra.

As part of its automation drive, Jaoli Bank has implemented core banking solution in all its 10 branches, which will allow the bank to provide Any Branch Banking Services to its valued customers.

The bank is currently using "Hosted Data Centre, Recovery Site & Connectivity" among its branches provided by Tata Communications Banking InfraSolutions Limited
(TCBIL).

The shares of Tata Communications closed today at Rs 494 on BSE, up 1% compared to its previous close. The counter has made 52-week-high and low of Rs 651 and Rs 320 respectively.