HomeNewsBusinessBandhan Bank completes digital migration of core banking system

Bandhan Bank completes digital migration of core banking system

Recently, certain banks have encountered technical difficulties with their digital and tech-based banking services.

October 03, 2023 / 11:12 IST
Story continues below Advertisement
Bandhan Bank
Bandhan Bank

Private sector lender Bandhan Bank, on October 3, said it has completed migrating its core banking system and internet banking.

"We have successfully completed the migration of its Core Banking System and Internet Banking to a new platform on October 03, 2023," the bank said in a notification on the exchanges.

Story continues below Advertisement

Recently, certain banks have encountered technical difficulties with their digital and tech-based banking services. Furthermore, there have been problems with the digital mobile applications of other banks.

For example, the country's largest private sector lender, HDFC Bank, in February 2023 faced issues with its digital and web banking services. ICICI bank was another private sector bank that faced a tech outage in May 2023.