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  • HCL Infosystems selected as partner of Punjab & Sind Bank’s Financial Inclusion Project
  • Deal to make banking accessible to unbanked villages through technology
  • To roll out in more than 1500 villages across the nation

HCL Infosystems Ltd., India’s premier Hardware, Services and ICT System Integration Company,   today announced the awarding of an order from Punjab and Sind Bank (PSB) to provide smart card based solutions in over 1500 villages across the country. The partnership aims to facilitate the provision of smart card-based technology solutions for financial inclusion, besides engaging and managing business correspondents deployed in unbanked villages allotted to PSB.


HCL Infosystems will be providing end-to-end solutions for PSB’s Financial Inclusion project involving supply of the Core Banking and enrollment software, DC and DR, customization, installation, operation, maintenance of  Servers and Networking; management and maintenance  of hardware & software, delivery & support for banking & financial services to the Bank. Apart from technological solution and technical services, it will also involve integration of various technological and functional components, supporting business correspondents to educate, facilitate and deliver financial services to the targeted BPL beneficiaries.


Commenting on the occasion, Mr. Harsh Chitale, Chief Executive Officer, HCL Infosystems said, “Technology today has an intrinsic role to play in people’s life and it is encouraging to see banks like Punjab and Sind Bank enabling this change. HCL Infosystems has a legacy of partnering and implementing large nation building projects successfully over the years in the country and we are proud to be involved with the financial inclusion in the country to ensure banking for every citizen.We really appreciate PSB’s vision to make technology accessible to every Indian citizen and we extend our full support to them.”


The project will enable UID based disbursement for various schemes of the Rural Development Department. PSB aims to cover over 6 Lakh customers over a period of three years.


About HCL Infosystems

HCL Infosystems Ltd, with revenue (LTM) of US$ 2.6 billion (Rs. 12, 221 crore) is India’s premier hardware, services and ICT systems integration company offering a wide spectrum of ICT products that includes Computing, Storage, Networking, Security, Telecom, Imaging and Retail. HCL is a one-stop-shop for all the ICT requirements of an organisation. India’s leading System Integration and Infrastructure Management Services Organisation, HCL has specialised expertise across verticals including Telecom, BFSI, eGovernance & Power. HCL has India’s largest distribution and retail network, taking to market a range of Digital Lifestyle products in partnership with leading global ICT brands, including Apple, Cisco, Ericsson, Kingston, Kodak, Konica Minolta, Microsoft, Nokia, Toshiba, and many more.


HCL today has India’s largest vertically integrated computer manufacturing facility with over three decades of electronic manufacturing experience & HCL desktops is the largest selling brand into the enterprise space. With India’s largest ICT services network that reaches to every corner of India, HCL’s award winning Support Services makes it the preferred choice of enterprise and consumers, alike. HCL Infosystems has a 100% subsidiary that addresses the physical security technology system integration market. The subsidiary leverages technology to build a security framework called ‘Safe State’ that safe guard’s life, infrastructure & society. For more information please visit us atwww.hclinfosystems.in

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