Thursday, January 20, 2011

Rs 14 Lakh Cheat From Rs 12900/- Core Banking Software

With the help of a incomplete software, a computer guy & one bank clerk of Himachal Pradesh State Co-operative easily managed to withdraw Rs 14 Lakh illegally.

In a recent programme held in Ahmadabad, union minister for Agriculture Mr Sarad Pawar, focused on computerizing urban & rural co-operative banks. National Federation of Urban Co-operative Banks & Credit Societies Ltd (NAFCUB) has bargained a reasonably cheap software for the these banks from the leading vendors. It was reported that Rs 12900/- will be the cost of the so called modern core banking software instead of few core rupees. As per Mr. Minister & NAFCUB the results will be nice with ATM, Internet Banking and other modern system.

COOP CORE- 2010 CBS for Urban Co-Operative Banks was launched during a exehibition in Ahmadabad.

A software without proper information & security can be dangerous. This is a true example.Just think how can a company give a software, which could costs few crore rupees just for 12900/-? What could be the quality of a cheap software? The answer and the example is in front of you.

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