Thursday, February 18, 2016
Tuesday, February 16, 2016
C B S Finacle Work Flow Process with B O Transactions - 5th Edition ( 12.02.2016).
C B S Finacle Work Flow Process with B O Transactions - 5th Edition ( 12.02.2016) - Prepared by CBS CPC, Odisha Circle
CLICK HERE TO VIEW THE DOCUMENT.
Courtesy:-http://pofinacleguide.blogspot.in
CPC Odisha Circle.
‘IndiaPost’s core banking system beats SBI in size’
MUMBAI: The department of posts now has a core banking system that is bigger than that of SBI, Union IT and communications minister Ravi Shankar Prasad has said. The minister's statement comes at a time when IndiaPost is in the process of launching a payments bank. Infosys had bagged a multi-year Rs 700-crore deal from the department to implement its core banking solution Finacle connecting 1.5 lakh post offices with 20 crore customer accounts in 2012.
Until now, SBI's core banking system implemented by TCS was the largest in the country and also the largest centralized core system implementation ever undertaken. The bank has 16,498 branches and 57,986 ATMs.
However, even this large network pales in comparison to IndiaPost's network. While the post office has a larger network, the accounts are more in the nature of savings and SBI's core system is much more complex as it handles millions of transactions every day. The bank has also built a data warehousing and analytics layer over the core banking platform whereas IndiaPost has completed the first leg of networking.Speaking at a special session at the Make in India week, Prasad said that the department would soon launch a payments bank. The minister said that around 60 domestic and international entities had evinced interest in partnering with the department. Prasad launched a 'fund-of-funds' aimed at helping startups from the electronics and IT sector create intellectual property. The government would invest up to Rs 2,200 crore in the initiative which would be in the form of a public-private partnership. The Electronic Development Fund is floated by the Department of Electronics and Information Technology.
Courtesy:-http://timesofindia.indiatimes.com/
Pineapple -- India Post Finacle Guide by POUpdates
Hello and welcome from PO Updates. Its time to say goodbye to all your finacle problems. Pineapple has come to your rescue. PINEAPPLE is a comprehensive step by step guide for all transactions in India Post finacle. We have created this book so that you can use it while doing your daily transactions. All procedures are up to date. We have also included a section of common issues and solutions which you will find extremely useful. If you have any suggestions and/or if you find any mistakes in the book do contact us. We will rectify them in our future editions. Wish you good luck.
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Download the book and take a print out. The book contains 126 pages. We have optimized the book for back to back printing. So if possible take back to back printouts.
If you like this book and find it useful you can show us your appreciation by downloading our android app. Download the app and do not uninstall it please. The app by itself is extremely useful. That's the least you can do for us.
Thanks to Team of PO Updates.
Courtesy : https://poupdates.blogspot.in/
Thursday, February 11, 2016
India Post to invest Rs 322 crore to augment parcel capacity.
NEW DELHI: In a bid to strengthen its position in the e-commerce market, India Post has proposed to invest Rs 322 crore till 2019-20 to augment parcel handling capacity through which it projects to earn a revenue of Rs 1,608 crore.
An official in the Department of Post told PTI that with the current pace of growth in e-commerce segment, India Post would be handling 40 lakh parcels per month in the near future and the capacity needs to be augmented accordingly.
"The Department is proposing to invest Rs 322 crore in the period from 2015-2016 to 2019-20 to augment and develop parcel handling capacities," the official said. He said India Post centres would be equipped with modern handling devices, conveyor belt and security systems to ensure faster and safe processing. He added volumetric measurement system will also be introduced to ensure revenue based on volume of the consignment having lesser weight but occupying larger space in trans-shipment. "With the proposed investments, the revenue projections from e-commerce in all segments is Rs 1,608 crore in five years," he said.
In order to cater to the parcel business, the department proposes to set up automated mail processing centres at Mumbai, Chennai, Bengaluru and Hyderabad with mixed mail sorter and parcel sorter at each location. The official further said the department is implementing a global positioning system (GPS) in its departmental mail motor vehicles in all the major centres. The IT modernisation project for India Post is under implementation which would result in electronically connected urban and rural network. "It would allow increased consistency and reliability in mail, parcels and logistics delivery system in line with global standards," he said. The department has also initiated a project for parcel network optimisation for developing a comprehensive business and marketing plan based on current trends in the e-commerce market.
An official in the Department of Post told PTI that with the current pace of growth in e-commerce segment, India Post would be handling 40 lakh parcels per month in the near future and the capacity needs to be augmented accordingly.
"The Department is proposing to invest Rs 322 crore in the period from 2015-2016 to 2019-20 to augment and develop parcel handling capacities," the official said. He said India Post centres would be equipped with modern handling devices, conveyor belt and security systems to ensure faster and safe processing. He added volumetric measurement system will also be introduced to ensure revenue based on volume of the consignment having lesser weight but occupying larger space in trans-shipment. "With the proposed investments, the revenue projections from e-commerce in all segments is Rs 1,608 crore in five years," he said.
In order to cater to the parcel business, the department proposes to set up automated mail processing centres at Mumbai, Chennai, Bengaluru and Hyderabad with mixed mail sorter and parcel sorter at each location. The official further said the department is implementing a global positioning system (GPS) in its departmental mail motor vehicles in all the major centres. The IT modernisation project for India Post is under implementation which would result in electronically connected urban and rural network. "It would allow increased consistency and reliability in mail, parcels and logistics delivery system in line with global standards," he said. The department has also initiated a project for parcel network optimisation for developing a comprehensive business and marketing plan based on current trends in the e-commerce market.
In e-commerce space, India Post is serving more than 400 small- and medium-level customers spread all across the country including all major players like Amazon, Flipkart, Myntra, Snapdeal, Paytm, Shopclues, Yepme, Naaptol, Telebrands and Homeshop18, among others.
courtesy:-http://economictimes.indiatimes.com
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