Bihar State Co-op Bank Taps PruTech for Rs 19 Bn Digital Upgrade
ECONOMY & POLICY

Bihar State Co-op Bank Taps PruTech for Rs 19 Bn Digital Upgrade

The Bihar State Cooperative Bank has partnered with PruTech Solutions, a New Jersey-headquartered technology firm, to execute a Rs 19 Bn digital transformation project aimed at modernising banking services across its network. The initiative will overhaul operations at 13 branches and 23 affiliated District Central Cooperative Banks (DCCBs). At its core is a next-generation Core Banking System (CBS) enabling real-time transactions, centralised operations, and seamless banking across rural and urban areas.

The project includes: – Cloud-based infrastructure using Infrastructure as a Service (IaaS) – Loan Origination System to digitise loan processing – Micro-ATM Client Application to enhance financial reach in remote areas – Generative AI virtual assistants and a centralised Helpdesk & Grievance System

PruTech will deploy its flagship platform Converge, an Integrated Command and Control Centre (ICCC) to monitor operations and infrastructure. A built-in Anti-Money Laundering (AML) solution will support compliance and fraud prevention. “This transformation will redefine how cooperative banks operate,” said Ambika Prasad Mohapatra, Executive Vice-President at PruTech Solutions.

Source: Shraddha Goled, TechCircle

The Bihar State Cooperative Bank has partnered with PruTech Solutions, a New Jersey-headquartered technology firm, to execute a Rs 19 Bn digital transformation project aimed at modernising banking services across its network. The initiative will overhaul operations at 13 branches and 23 affiliated District Central Cooperative Banks (DCCBs). At its core is a next-generation Core Banking System (CBS) enabling real-time transactions, centralised operations, and seamless banking across rural and urban areas. The project includes: – Cloud-based infrastructure using Infrastructure as a Service (IaaS) – Loan Origination System to digitise loan processing – Micro-ATM Client Application to enhance financial reach in remote areas – Generative AI virtual assistants and a centralised Helpdesk & Grievance System PruTech will deploy its flagship platform Converge, an Integrated Command and Control Centre (ICCC) to monitor operations and infrastructure. A built-in Anti-Money Laundering (AML) solution will support compliance and fraud prevention. “This transformation will redefine how cooperative banks operate,” said Ambika Prasad Mohapatra, Executive Vice-President at PruTech Solutions. Source: Shraddha Goled, TechCircle

Next Story
Infrastructure Urban

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Next Story
Infrastructure Energy

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Next Story
Equipment

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement