ho circular cbs support to cooperative banks- english

7/25/2019 HO Circular CBS Support to Cooperative Banks- English

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222653 O15O

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www.nabard.org

National Bank

for Agdculture and Rural Development

Dept.

of

Flnancial

Inclusion & Banking Technology

Head

Ofiice

: BKC, Bandra

(E),

Mumbai

-

400 051

Tel.

|

+912226530024

.

Fax :

+91

22

2653 0150

E-mail : [email protected]

.

Website :www.nabard.org

Ref

NB.DFIBT/

17

188-17

5 67

CBS-7 I /201

5-1

6

02

February

2016

CircularNo.

2-S

/DFIBT_

oL

/2016

The

Managing

Director/

Chief

Executive

Officer

All

State

Cooperative

Banks

and

Djstrict

Central

Cooperative

Banks

Dear

Sir.

support

to

licensed

rurar

cooperative

Banks

for

imprementation

of core

Banking

Solution.

cooperative

Banks

in

the country

have

implemented

core

Banking

Solutions

either

under

Ownership

Model

or

under

Application

Service

provider

Model.

CBS

is

the

backbone

on

which

all

other

delivery

channels

will

ride.

Hence

stabilization

ofcBS

is

necessary

for the

banks

to

provide

Rupay

Debit

/

Kisan

cards

which

can

be

used

in

ATM,

PoS,

Micro

ATM

and

at e-comm

sites.

It will

also

enable

the

uant<s'to

participate

in

online

remittance

platform

like

RTGS

and

NEFT

and

other pratforms

like

NACH,

crS

etc.

To

.encourage.the

banks

to stabilize

cBS, it

has

been decided

to

provide

support under

FIF for

the

implementation

of

cBS.

This

is

a

one

time

measure

and

should

not

be

considered

as

a

precedent

for

further

fi.urding,

in

future,

in

respect

of

proposals

relating

to

similar

normar

bankins

activities.

Project

Details:

i.

CBS

Models

to

be

supported

under

FIF,

The

stcBs

and

DCCBs

implementing

cBS

under

ownership

model

and

the

ASp

moder

will

be

eligible

for

support

for

CBS under FIF.

ii.

Eligibility

Criteria

for

availing

support

under

FIF

a)

The

bank

should

have

Banking

License

b)

The

Bank

should

have

a

minimum

GRAR

of

7%

as

on

31 March

2015

and

maintain

ihe

same

on

an

ongoing

basis

and

reach

9%o

as

at theend

on

31 March

2017.

c)

Bank

should

be

in

profit

for

at least

2

of

the last

three years.

d)

Bank

should

have

Board

approved

IT

aad

IS

policy

in place.

e)

qank

should

be

a

member

of Credit

Information

Companies.

rif'{rtdtTrt

Taklng Rural India

>>

Forward



f)

Bank

should

be

providing

SMS

alerts

to

its

customers

in respect

of

financial

transactions.

g)

For

DCCBs

and

StCBs

in

two

tier

structure,

small

and.marginal

farmers,

SC/ST,

other

weaker

sections,

rural

artisans

should

be

at

least 40yo

of

the

total

borrowing members.

This clause

will not

applicable

to

StCBs

of

three tier

structure

as

they

do

not

have any

PACS

affiliated

to

them.

h)

The

bank should be

on

RTGSA{EFT.

i)

The banl

should be

fully

on CBS and not

on

a

parallel

run.

iii.

Eligible

components- The

components

that

can be supponed

under the

pioject

are

the hardware

and

software

specifically

required

for undertaking

computerization.

The

broad category

of

items

which

can be

supporled

are

servers, computers,

scanncr,

printers,

software, LAN,

rack,

switches,

fumiture's

specifically

purchased

for

the

puryose

of

CBS,

protection

cage

for VSAT,

VSAT,

UPS

including

batteries

etc.

iv.

Extent

of Support -

Expenditure

subject

to a

cap

of

Rs.2.00

lakh per

branch

or

the

actual

amount

spent

whichever

is

lower

will

be bome

by NABARD

under

FIF. In case

the

cost

for

the same

exceeds Rs. 2.00 lakh,

the

difference

will iave

to

be borne

by the

respective

balks.

v.

Release

of grant-

The

releases

will

be on

reimbursement

basis.

The claims

can

be

submitted

by

the banks

to

the respective

regional

offices.

The

claims

are

required

to be

supported

with

a

certification

from

the

bank

for

the

expenditure

incurred

bv

the bank

for

CBS

implementation.

vi.

Claim

format-

The

banks are required

to

submit

the

claims

to

the

resional

offices as

per

the

format

enclosed.

As this

would

be a

reimbursement

against

expenditure

already

incurred,

banks

may actively

consider

creating

a Technology

Adoption

Fund

out

ofthe

receipt.

Yours

faithfullv

fl) 0

1)--

(Su6rata

Gupta)

Chief

General

Manager

Encl:

as

above



(on

Bank letter head)

(To

be

submitted to the concerned NABARD, Regional

Office)

Annexure

Claim format

support

under

FIF for implementation

of

Core.

Banking

solution

to rural

Cooperative

Banks

We

certify that the

above

mentioned amount

was

incurred for the

implementation of

core

bankine

solution

in ............

number

of

branches

in

the bank.

The

expenditure

for

SN Particulars Details

1

Name

of

the Bank

2.

Whether

bank

has

a

banking license Yes/No:

3

Name of

the

CBS

vendor

^

Percentage

of

CRAR

as

on

31

March

zor5.

(should

not be

Iess

than

7%)

5.

Whether

Bank in

profit

for

at

least

two

of the last three

vears

Yes/No:

o.

Whether

bank

has

a

Board approved

IT

and IS

policy

in

olace

Yes/No:

7.

Whether

bank

a

member of

Credit

Information

Comoanies

Yes/No:

B.

Whether

bank

providing

SMS alerts

to its

customers

in

resoect of

financial

transactions.

Yes/No:

9.

Percentage

of borrowers from small and marginal

farmers,

SC/ST,

other

weaker

sections,

rural

artisans

to

the total

borrowing

members.

(should

be

at

least

4o%)

(For

DCCBs

/

StCBs in

two

tier

structure)

10.

Whether bank

nrovides

RTGS/NEFT

facilitv

Yes/No:

11.

Whether bank operating

fully

on

CBS

Yes/No:

t2.

Whether bank

has

started

issuing

RuPay

debit

cards

to

its

customers.

Yes/No:

rJ,

Number

of Branches

74

a)

Total cost for

implementation

of CBS under orvnership

model

OR

bankhe

)ASP charges

January

zo16.

paid

by

to the

vendor

ti11

31

15.

Amount

claimed

Rs.

z lakh X no.

ofbranches

or

5n I4(aJ

/

[bJ

wnrchever ls lower



(robesubmittedtothecoircerned'o$ltrS#f i3ffi$l

reimbursement

involves

the

cost

for

hardware,

software

and connectivity

components

required

specifically

for CBS implementation

and not

for

any other

purpose.

Wc

undertake

that

we

will

maintain a minimum

CRAR of

z%

and strive to

reach

goA

CRAR

as

on

3r

March eor7.

The related

expenditure bills and vouchers will

6e

preserved

by us

for a

period

of three

years

for verification

by NABARD at any

point

of

time.

We request

you

to

sanction and

reimburse

an amount of

Rs .........................(Rupees

.....,..........................

)

towards

support to licensed

rural

Cooperative

Banks for implementation

of

Core

Banking

Solution

under FIF.

Place:

Date:

Seal

and

Signature of the

Airthorized

Officer

ho circular cbs support to cooperative banks- english

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