Canara
Bank signs largest Linux deployement with nation-wide
branch automation
Our
Banking Bureau
17 October 2005
Mumbai:
Canara Bank has signed the largest open source deployment
to automate more than 1,000 branches across the country.
The project marks the largest roll out of Red Hat Enterprise
Linux in the Indian financial services sector so far.
The announcement was made by Red Hat, Inc. (Nasdaq:
RHAT) today.
Under
the roll out of its 'total branch automation' (TBA),
Canara Bank is modernising branch automation through
an in house developed TBA package. The package has been
ported to the Red Hat Enterprise Linux platform by Canara
Bank's subsidiary, CanBank Computer Services Ltd. (CCSL).
The
nearly one century old bank has has a network of 2508
branches across India. In the year ended 2005, it was
among the country's highest net profit earners among
nationalised - Rs1,110 crore with a capital adequacy
ratio of 12.78 per cent and net NPA ratio of 1.88 per
cent.
This
is in keeping with the bank's strategy of using technology
to provide affordable banking services to rural customers
Red Hat's flagship operating system, Red Hat Enterprise
Linux, will be deployed on more than 1,000 servers and
10,000 desktops at Canara Bank to provide a robust,
secure and scalable technology
Under
the first phase of deployment, Red Hat Enterprise Linux
has been rolled out at approximately 500 branches in
a record time of three months. Close to 500 Red Hat
Enterprise Linux servers and 5000 Red Hat Desktops have
been deployed in this phase. As part of its vision to
introduce 100 per cent automation into its banking services
environment, Canara Bank is actively pursuing deployment
in additional branches as well.
