Predominantly domestic-facing, UCBs have a presence right across the country, particularly in towns and villages. Only 25 percent of UCBs in India have more than five branches, but it's these banks that comprise around 60 percent of the total banking business in the UCB sector
The RBI has released several mandates and guidelines for UCBs to adopt technology over the last few years. Procurement relies on both dedicated IT vendors, as well as the large UCBs that can offer wider technology capabilities. Some of the large UCBs have already been providing IT infrastructure and support to smaller UCBs, with collaborative arrangements in place for sharing common IT infrastructure, such as data centres and ATM networks.
Read the Tata Communications white paper to know more.