IBM bags deal from AP Grameen Vikas Bank to enhance IT infra
Mumbai: Global IT consulting firm, IBM,
has bagged a deal from the Andhra Pradesh Grameena Vikas Bank
(APGVB) to enhance the rural bank's information infrastructure
across 530 branches.
APGVB, sponsored by the State Bank of India, will use
IBM's hardware platform to run its mission critical core
banking application for data protection at all hours, the
company said in a press release.
"IBM is happy to engage with AP Grameen Vikas Bank in
their vision of transforming lives of rural citizens in the
country. We will continue to support their endeavors and
enable their ongoing operations and future expansion
programs," IBM India/ South Asia, Vice President, General
Business, Systems and Technology Group, Ajay Mittal, said.
"With this win, IBM has once again proved to be the
preferred vendor for mid-sized organizations who are focused
on cost-efficiency without compromising on performance,"
SS Computer Shoppe, IBM's business partner, created a
flexible solution for the regional rural bank that ensures
enhanced performance and better availability than competitive
The IBM solution helps simplify the client's
environment without sacrificing performance or availability
and improves service time to APGVB customers.
Besides, the solution ensures server reliability to
facilitate transaction time for business operations during
peak trading hours, the release said.
Designed as an entry server for network infrastructure
applications this server will ensure enhanced performance,
better availability and flexibility than that of competitive
IBM is aggressively increasing its focus on the small
and medium businesses (SMBs) in India including those based in
The company has announced a set of offerings targeted
at SMB clients in Tier-2 and Tier-3 cities and has tied up
with new partners to bring the entire range of its hardware,
software and services capabilities to the small and mid -sized
clients in India.