A news outlet reports India InfrasoftTech, a technology firm offering IT solutions for banking and financial services sectors will implement core banking solutions and other allied services for the Tamil Nadu State Federation of Urban Cooperative Banks.
The company will equip 128 Urban Co-operative Banks across the state with the latest digital technology.
A sources connected to the company is quoted claiming the project will be the first of its kind in the country.
Experts say the project will enable urban cooperative banks to give commercial banks a run for their money.