Maximum Business Impact: Shamrao Vithal Cooperative Bank

PCQ Bureau
New Update

Genius I is the banking solution that makes one of the

oldest cooperative banks in


tick. But what's so great about a core banking solution that it's been

chosen as the best SMB project of the lot? Every other bank is doing it today.

The difference lies in the fact that SVC has completely developed it in house,

instead of treading the usual path of choosing a commercial banking solution,

and then running behind a partner to implement it. This path would have cost the

bank five times more than the cost of creating Genius.



The operations and commercial side of the Railways needed computerization
due to the huge amount of data and reports generated


A 3-tier solution with two modules for rake management (operations) and
terminal management (commercial) for real time information



Center for Railway Information System (CRIS), under Ras Behari Das, Group
General Manager, FOIS and team



Alpha servers, Oracle, Tuxedo, BEA WebLogic. Application and database
servers in separate load balancing clusters

Mankikar, Deputy GM (IT), SVC Bank

The core banking solution automates most of the bank's

functions while conforming to RBI's guidelines. In fact the bank has gone many

steps ahead of other fellow cooperatives and added a lot of firsts to its

credit. It claims to be the first cooperative to have an online data warehouse,

first to have a real-time reporting service that's available 24x7, first to

have implemented IP Telephony, first to have implemented an e-token based ATM

payment solution, and many others. These are all remarkable achievements, given

the fact that most cooperative banks today are living under fear of losing

market share to the larger players. 

What Shamrao has done, therefore, is a clear example of how

to align IT with business needs and really benefit from it. From having a total

business of around Rs 800 Crores in 1997, the bank has clocked more than Rs 4000

Crores worth of business in the last financial year and all this with a marginal

increase in staff. Genius I offers an impressive functionality. Genius also

offers tele and sms-based banking facilities using modules called Banc@call and

Banc@cell. It has even built in capability for Real Time Gross Settlement on a

straight through processing mode. RTGS transactions normally take 6—24 hours,

but with this solution, this time has come down to

2 to 3


An online liability monitor checks for the direct and

indirect liability of borrowers. Plus there are modules for generating online

MIS reports, online monitoring for control and reporting, and even an online

data-mining. Also, the bank has deployed modules for anti-money laundering,

asset liability management, know your customer, risk management, etc-making

the bank more Basel II compliant. Genius has also managed to automate processes

like emailing statements of accounts, and real time fund transfers on a 24x7

basis, automated interest payments by credits to customers accounts. Other

technologies used by the Bank to manage its IT infrastructure include CA's

Unicenter for managing the network, MS Operations Manager and Systems Management

Server for optimizing server utilization and automated patch and asset

management, BizTalk Server to integrate the banking software with RBI's Real

Time Gross Settlement project, and Exchange Server.  Genius has been

implemented on a three-tier architecture, and is built on MS products. It has a

decentralized architecture, and is quite interesting in the way it works. All

branches have their own local servers, which replicate data online to the

central server. The data at the central server is then used for MIS and data

warehousing. Due to this, despite having a decentralized architecture, the bank

offers any branch banking capability to its customers.

The Genius is a three-tier server client architecture operating on Windows 2003 based servers and Win XP based desktops