Bengaluru, July 17, 2015
There is a lot of thrust on the IT modernisation project in the Karnataka Postal Circle of India Post.
With
Core Banking Solutions (CBS), Core Insurance Solutions (CIS), and the
Core System Integrator, the department is hoping to create strong IT
infrastructure and applications for all its services.
B.V.
Sudhakar, Chief Postmaster General, Karnataka Postal Circle, said that
in the State, 58 head post offices and 320 sub post offices had been
covered under CBS. By the end of this fiscal, 1,714 department post
offices will be covered as well. The department is also hoping to open
59 ATMs, which will help 80 lakh savings account holders. Already, 17
ATMs have been opened in the State.
About CIS, he
said the department is in the process of integrating and networking 810
central processing centres, for which special software has been
developed. “Once integrated, citizens can access their insurance
policies, apply for policies and make payments online. So far, the
software has been uploaded in 1,712 post offices in the State,” he said,
adding that this would benefit seven lakh postal life insurance and 16
lakh rural postal life insurance policy holders.
Revenue increase
The
department, Mr. Sudhakar said, was focussing on e-commerce platforms as
well. Over the past two years, the average revenue growth has been Rs.
100 crore a year. The business turnover for postal life insurance has
also registered an average growth of Rs. 50 crore a year, while it is
Rs. 20 crore a year for the rural postal life insurance. “This is the
impact of technology. In about two years, we hope to remove the current
deficit of Rs. 262 crore,” he said.
Source : http://www.thehindu.com
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