 "IBM Wins Sardar Bhiladwala Pardi People's Co-operative Bank Contract")
IBM has signed a 10-year information technology (IT) services agreement with Sardar Bhiladwala Pardi People’s Co-operative Bank (SBPPCB), a co-operative bank based out of Gujarat. The engagement, a complete operational expenditure (pay-as-you-go) model, will enable the bank to save up to 50 percent in its capital expenditure on IT infrastructure.
As part of the agreement, IBM will provide Managed Continuity Services encompassing server management, network and security management, back-up and database management.
Established in 1929, the Sardar Bhiladwala Pardi People’s Co-operative Bank’s main objective is to help improve the lives of farmers, small traders and artisans. The eighty-year-old co-operative bank was on its way to implementing a Core Banking Solution and signed up with IBM to manage its IT infrastructure requirements remotely from IBM’s Global Management Center in Bangalore. The end-to-end managed services provided by IBM will reduce upfront capital expenditure for the bank allowing it to spend in an operational expenditure model over a 10-year period.
Ajay C Shah, Chairman of Sardar Bhiladwala Pardi People’s Co-operative Bank, said, “We have seen IBM’s track record in addressing unique requirements of banks like us in India. We are delighted with this partnership and have full confidence in the team to help us lead our growth in the days to come. We believe IBM’s technology experience will help us achieve our growth strategy and higher levels of customer satisfaction.”
Hemant M Desai, Managing Director of Sardar Bhiladwala Pardi People’s Co-operative Bank, said, “This model will set a good example for other co-operative banks for evaluating the core banking system with predictable and low expenditure as well as obtaining a high level of technology expertise.”
The contract was signed in December 2009.