Nabard will provide cooperative banks across the country with core banking solutions.
The RBI has asked all cooperative banks operating in the countryside to be equipped with the CBS latest by March next year.
The apex bank has warned if the banks did not get connected with the CBS by March 2013, it would deny them banking licences and ban all their transactions.
There are a number of states where these banks are not financially strong enough to afford the CBS. Nabard has decided to help ...