Indian Bank had announced the successful go-live of the consolidated CBS Platform on February 15. This follows the merger of Allahabad Bank into Indian Bank with effect from April 1st, 2020. The CBS integration was taken up over the weekend of February 13 and 14 and completed in time. The CBS and all channels were made available for use by branches and customers by 9 am on February 15.

 

This is a ‘Big Bang’ merger by the CBS provider, TCS where the data of 3000+ branches and all channels of erstwhile Allahabad Bank were migrated seamlessly to the Indian Bank database. The customer account numbers of both banks remain unchanged and login credentials of Internet banking and mobile banking were also retained. Customers of Allahabad Bank have been migrated to IndOASIS the Mobile Banking App of Indian Bank and they can avail mobile banking services with existing credentials.

 

Announcing the integration of technology platform, Padmaja Chunduru, MD & CEO, Indian Bank, said, “This is the final step in our amalgamation journey ‘Project Sangam’. Starting immediately after the announcement of merger, the journey posed severe challenges under Covid, but the determination and commitment of teams from field and Corporate Office saw it through. The support and cooperation from TCS (Technology Partner) and Deloitte (Merger Consultant) made this possible”.