First RRB to achieve CBS in India?
Q. The first Indian RRB that achieved Core Banking Solution (CBS) in 2011 is ________?- Published on 17 Feb 17
a. Pallavan Bank
b. Rushikulya Gramya Bank (RGB)
c. Allahabad UP Gramin Bank
d. Bangiya Gramin Vikash Bank
ANSWER: Rushikulya Gramya Bank (RGB)
The Rushikulya Gramya Bank (RGB), a RRB operating in south Orissa, became the first RRB in the state to have placed all its branches on the Core Banking Solutions (CBS) platform.
In 2012, Rushikulya Gramya Bank (RGB) and Utkal Gramya Bank (UGB) were amalgamated to form a new RRB - Utkal Grameen Bank.
The Utkal Grameen Bank will function with its head office at Bolangir under the sponsorship of State Bank of India (SBI).