NEW DELHI, Dec. 4 2012 /PRNewswire/ -- Hughes Communications India, Ltd (HCIL), a subsidiary of Hughes Network Systems, LLC (Hughes), today announced that it has been chosen by C-Edge to provide over 3,000 branches of the National Bank for Agriculture and Rural Development (NABARD) across the country with a broadband satellite network and managed services. The contract is worth Rs. 33 crores (approximately USD 6 million) for a period of five years.
C-Edge, a joint venture between TATA Consultancy Services (TCS) and the State Bank of India (SBI), selected Hughes and its HN System for a turnkey networking solution and services to connect various District Central Cooperative Banks (DCCBs) and State Apex banks in the country. The branches are being integrated onto a central Core Banking Solution, with the first phase covering the states of Gujarat, Madhya Pradesh, Chhattisgarh, Karnataka and Tamil Nadu.
The managed services comprise over 3,000 HN9200 very small aperture terminals (VSATs) and shared Network Operations Centre (NOC) services, including satellite bandwidth, hosting, backhaul and end-to-end IPSec management.
"We are delighted and privileged that C-Edge has chosen HCIL for this significant banking sector project," commented Partho Banerjee, president and managing director of HCIL. "Our managed services solution is unique in providing high availability connectivity at all sites by employing broadband satellite as the primary technology and backup over other wireless technologies. Satellite is one of the fastest growing broadband technologies in India and is playing a significant role in facilitating the expansion of the banking sector in India, reaching even more citizens through its continent-wide reach."Approximately 140 banks have expressed their willingness to participate in the project and signed the necessary Memoranda of Agreement with NABARD. This strategy involves a major transformation of the current information technologies and a significant reengineering of the bank's business processes. Hughes was selected for this project due to its unique solution that has optimized technology, security, cost and operations. The solution is also scalable, enabling potential expansion network to more than 400 banks. The contract underlines HCIL's leadership in providing secure and high availability enterprise solutions through its award-winning satellite networking technology and services.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV