SOFTWARE USED BY BANKS IN INDIA

SOFTWARE USED BY BANKS IN INDIA

In India, there is mainly three core banking software used by public sector banks. They are

1) Flexcube
2) BaNCS
3) Finacle

1) Flexcube -
This software designed by Oracle. Flexcube software used in this public sector bank

Canara Bank

2) BaNCS -
This software designed by TCS. This software used by these banks.

Bank of Maharashtra
Central Bank of India
Indian Bank
State Bank of India

3) Finacle -
This software designed by Infosys. This software used by

Bank of Baroda
Bank of India
Punjab National Bank
Punjab and Sind Bank
Indian Overseas Bank
UCO Bank
Union Bank of India.

Out of 12 public sector banks Finacle software used by 7 Banks, BaNCS software used by 4 Banks, Flexcube software used by 1 Bank. Other private sector banks use this software they are

Flexcube software used by

Karur Vysya Bank
Lakshmi Vilas Bank
Yes Bank
HDFC Bank

Finacle software used by

Axis Bank
Federal Bank
ICICI Bank
IDBI Bank
India Post Payments Bank
IndusInd Bank
Karnataka Bank

Kotak Mahindra Bank

RBL Bank

BaNCS software used by
IDFC Bank

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