Wednesday, May 22 2019 | Time 17:06 Hrs(IST)
image
  • Mah govt mulls to roll out group farming scheme soon
  • At least 4 killed, 12 others injured in Mogadishu car bombing
  • Shakib goes into World Cup as No 1 all-rounder
  • Preparations completed for counting of votes in 7 LS seats in Delhi
  • ISRO Chairman flags off liquid hydrogen storage tank
  • British Steel enters insolvency endangering 5K jobs
  • Stage set for counting in Assam
  • BWF President: Badminton needs refinements constantly to be more entertaining
  • Heat wave conditions likely to prevail in Telangana in next 24 hrs : MET
  • Sensex recovers by 140 41 pts
  • Democrats demand impeachment proceedings against Trump
  • Guv inaugurates 2nd phase of Jehangir Chowk-Rambagh flyover in Srinagar
  • EC to decide on J&K Assembly polls: Governor
  • ARM memo tells staff to stop working with Huawei
  • Indian women hockey team beat Republic Of Korea 2-1 in the second match
Business Economy


Sarvatra Technologies brings 450th Co-operative Bank on National Financial Switch

New Delhi, Aug 17 (UNI) Sarvatra Technologies, India’s leading end-to-end payments and banking solutions provider, announced that they have successfully on-boarded ‘Sevalia Urban Co-operative Bank’ as 450th co-operative bank on National Financial Switch (NFS).
With this addition, the company has enabled as many co-operative banks on digital payment platform by making them interoperable with large banks.
Contributing to the Digital India story, Sarvatra Technologies has played a very vital role in digitising small co-operative banks across India. It has enabled lakhs of semi urban and rural customers to the digital banking world. Sarvatra aims to add another 50 plus co-operative banks by FY 2019.

In continuation to their digital payment enabling story for India, Sarvatra has provided digital payment platform from the smallest cooperative banks to the largest lenders in India like ICICI Bank, IDBI Bank and new generation clients including Paytm Payments Bank and Equitas Small Finance Bank.

Sarvatra backed by prominent investors like Vallabh Bhanshali, Chairman, , ICICI Bank, Indian Overseas Bank and Oracle Financial Services Software, has played a vital role in contribution towards Financial Inclusion in India.

Co-operative banks earlier had poor network connectivity across branches and were disconnected with other large banking fraternity. Sarvatra Technologies provided SaaS based technology infrastructure for banks to centralize its system and to participate in the national payments network. Entire management of data centers and technological infrastructure has led to reduced operating cost for them.
Company has on boarded banks across India covering 23 states and three union territories. Sarvatra works very closely with its sponsor banks - HDFC Bank, ICICI Bank, Axis Bank and Yes Bank, according to a release issued here.

UNI RSA ADG 1741
More News

IndusInd Bank share rises by 3 89 pc to Rs 1503 90

22 May 2019 | 4:45 PM

Mumbai, May 22 (UNI) Shares of IndusInd Bank on Wednesday rose by 3.

see more..

MARKETS-GUJ-SUGAR

22 May 2019 | 4:38 PM

Ahmedabad, May 22 (UNI) The Ahmedabad Sugar market showed a firm trend here on Wednesday.

see more..

MARKETS-GUJ-GRAIN

22 May 2019 | 4:37 PM

Ahmedabad,May 22 (UNI) The Ahmedabad grain market ruled steady here on Wednesday.

see more..

MARKETS-GUJ-BULLION

22 May 2019 | 4:36 PM

Ahmedabad, May 22 (UNI) The Ahmedabad Bullion market showed a divergent trend here on Wednesday.

see more..

Ahmedabad Gur market rule steady

22 May 2019 | 4:32 PM

Ahmedabad, May 22 (UNI) The Ahmedabad Gur market ruled steady
here today.

see more..
image