BANGALORE: PCS, a part of the transnational PCS Group, had bagged its first banking software order from Mangal Co-operative Bank for complete bank automation of two of its new branches, one at Malad and one at Dahisar. The implementation process and execution was completed in 14 days. The total order was valued at Rs 16 lakh. The Banking software implemented, O'Banker, is a DOS based software, which is netware based.

Some of the key features of O'banker include Asset Liability Management, NPA monitoring, quick EMI calculations, Branch Connectivity for wider access, NPA monitoring as per RBI guidelines, Account Vision - A Mini CRM system, Telebanking Solutions and Internet Banking Suite. The company plans to close a few more orders worth Rs 50 lakh in the recent future.
Krupashankar Singh, Minister of Home, Maharashtra inaugurated the Mangal Co-operative Bank’s branch.

Said, Tandon, Director, PCS Industries Ltd," With this order win PCS has not only announced its entry into the banking software segment but has also proved its ability to a great extent in the new segment. We are very proud to announce the implementation process and execution time of a record 14 days, with excellent feedback. PCS has partnered with the banking industry since its inception and have played an active role in the bank computerization drive in the country. In fact, today we are marketing Total bank automation solutions using our cutting edge technology."