Core Banking System Enablement for Urban Cooperative Banking

The Parwanoo Urban Cooperative Bank Ltd.

The Parwanoo Urban Cooperative Bank Ltd. is an urban cooperative bank providing banking and financial services to local communities, supporting retail banking needs through a cooperative banking framework.

The Client

The Parwanoo Urban Cooperative Bank Ltd. is an Urban Cooperative Bank serving customers in and around Parwanoo. The bank operates within the cooperative banking structure, focusing on community-oriented banking services, deposits, and credit facilities for individuals and local businesses.

The Parwanoo Urban Cooperative Bank Ltd. has a reach extending to the whole State of Himachal Pradesh and operates through 11 branches and two extension counters across five districts. Financial data indicates a paid-up capital of ₹14.41 crores as of March 31, 2023.

Size & Reach

Area of Operation: The bank’s operations cover the entire state of Himachal Pradesh.
Branches: There are currently 11 branches located in Parwanoo, Dharampur, Solan, Baddi, Nalagarh, Shamti, Una, Hamirpur, Ghumarwin, Bilaspur, and Sunder Nagar.
Extension Counters: The bank also operates two extension counters in Sector 4 Parwanoo and Nalagarh.
Presence: The branches are spread across the districts of Solan, Una, Hamirpur, Bilaspur, and Mandi.
Capital: The bank’s paid-up capital was ₹14,41,84,000 (approximately ₹14.41 crores) based on its balance sheet for the period ending March 31, 2023.

The Challenge

As a Regional Rural Bank with geographically distributed operations, Prathma UP Gramin Bank required reliable systems to support employee management and modern banking initiatives.

Key challenges included:

Managing HR operations across multiple branches
Need for centralized employee data and HR workflows
Enabling secure NFC-based capabilities for modern banking use cases
Ensuring system reliability in a regulated banking environment

The Solution

Natural Support Consultancy Services Pvt. Ltd. (NSCSPL) partnered with the bank to deliver Core Banking System (CBS) implementation and support, aligned with cooperative banking requirements.

Our solution included:

CBS Implementation to support end-to-end banking operations
Secure and reliable system setup for daily transactions
Structured deployment with post-implementation support

The Results

Reliable and stable core banking operations
Improved transaction processing efficiency
Enhanced operational continuity for branch activities
Ongoing support ensuring system stability

THE DETAILS

Client: The Parwanoo Urban Cooperative Bank Ltd.
Sector: Banking
Type of Organisation: Urban Cooperative Bank
Location: Parwanoo, India
Engagement Type: Technology Partner
Project Status: Live / Under Support
Website: parwanoobank.com

TECHNOLOGY WE USED

WHAT WE DID

Core Banking System (CBS) Implementation

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