100 years for CBS

         The Central Bank of India which is marking its centenary celebrations starting from today(21-12-2010), plans to open branches overseas and achieve core banking solution (CBS) in all its existing branches, a top company official has said. The bank plans to open branches in Hong Kong, Bhutan, Tanzania and Mozambique, Central Bank of India's Executive Director Rajeev Kishor Dubey.

         
         "The bank will provide banking services to 3,000 villages in the country having less than 2,000 population by 2012 as a part of government's directives on implementing Financial Inclusion programme using mobile telephone technology," Dubey said adding "the bank will develop a software in local languages so that it becomes easier for people to get banking facilities."

         The Central Bank has targeted to achieve a total business turn over of Rs 3,00,000 crore (Rs 3 trillion) by the end of this fiscal year, as compared to Rs 2,46,000 crore (Rs 2.46 trillion)  target which it achieved last fiscal.

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