Wipro-US firm team leads race for Rs 1,000-cr Mahila Bank deal

US-based FIS Global, in partnership with Wipro, is leading the race for a Rs 1,000-crore contract to provide IT systems at the country’s first women-focussed bank, it is reliably learnt.

OTHER MAJOR BIDDER

The five-year project entails setting up and managing a core banking application and other technology infrastructure for the Bhartiya Mahila Bank, a brainchild of the Government of India. Infosys, which had partnered with IBM, was the other major bidder for this deal. The names of Polaris Financial Technology and HP too were doing the rounds, however this could not be corroborated. Much to the surprise of industry watchers, the country’s largest software exporter Tata Consultancy Services did not bid for the project. The FIS-Wipro combine is believed to have quoted Rs 900 crore for the project, while the others have bid upwards of Rs 1,100 crore. FIS Global, a provider of core banking solutions, is said to be the lead bidder for the project as Wipro does not have strong core banking capabilities.

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