Ratnakar Bank implements Finacle

Ratnakar Bank announced that it has deployed the Finacle core banking solution.

The bank aims to grow its number of branches to 125 in the next three months and to about 300 over the next three years. Ratnakar Bank also seeks new business opportunities to launch several new products across various verticals. To fulfil this objective and gain a competitive edge, the bank intends to leverage best-in-class banking practices on a new-age technology platform.

It will also enable the bank to take a 360-degree view of customer relationships which, in turn, would improve customer experience and enhance loyalty. This alliance will also facilitate integration of all the banking channels, including online, mobile and branch offices.

Speaking on the selection, Mr Vishwavir Ahuja, Managing Director and CEO, Ratnakar Bank, said: “In the transformation of the bank to a vibrant new-age entity, technology will play a critical role. Since we have the least legacy, we believe that bringing in the latest technology will become one of our key differentiators.”

venkatesh.ganesh@thehindu.co.in