Suvikas
SuVikas is a browser based core banking Software developed by a Bangalore based Company Coopman Consultancy for Urban Co-Operative Banks, Rural Co-Operative Banks, District Co-Operative banks, State Co-Operative Apex banks, Regional Rural Banks and Credit societies in India and Asia region.
The Company was acquired by VSoft Corporation in July, 2007. With the acquisition of Coopman Consultancy and it's core banking software (SuVikas), VSoft Corporation expanded their customer base to India and Asia region. At the time of acquisition, Coopman Consultancy had AbOUT 30 Co-Operative Banks, Rural Banks and Credit soceities using SuVikas across their various branches.
Sailent features
- Complete front & back office solution
- Easy for adapting to different Indian practices
- Wed-based technology
- Platform-independent, currently available for both windows and Linux platforms
- Browser-based technology that simplifies and hastens core banking, that enable financial institutions to focus more on customer service
- Full suite of analysis and RBI reports
- User friendly
Optional Features
- Internet Banking
- Touch screen Kiosk Facility
- Mobile Banking
- Mobile Alerts
- ATM Support
- EFT and NEFT Support
- RTGS Support
Supported Modules
- Share Accounts
- Savings Accounts
- Current Accounts
- Deposits
- Loans
- Investments
- Remittances
- Clearing
- Tax Calculation
- Service Tax
- Fringe Benefit Tax
- Interest paid without withholding tax returns
At present, more than 25% of Co-Operative banks, Rural banks and Credit Societies in India use SuVikas core banking solution across their various branches in India. SuVikas core banking solution is also getting deployed in other banks in Asia.
Automation Solution for Primary Agricultural Credit Societies (PACS)
The Government of India, acting on the recommendations of the Vaidyanathan Committee, has allocated over Rs. 600 crores for the revival and computerization of State APEX Banks, DCCB’s & PACS across all the states of India. The primary reason for this is to bring all these entities under a common accounting standard & reporting system (CAS). SuVikas from VSoft is considered robust and flexible for Total Branch Automation solution for PACS.
References
- VSoft India Operations http://www.business-standard.com/india/storypage.php?autono=340328&tp=
- UCB Implements SuVikas http://news.webindia123.com/news/articles/India/20080901/1042210.html
- Andhra Bank Employees Co-Operative Bank for SuVikas http://www.webnewswire.com/node/448901
External links
More about Suvikas Vsoft page