SuVikas is a browser-based core banking software developed by a Bangalore

Bangalore

Bengaluru , formerly called Bengaluru is the capital of the Indian state of Karnataka. Bangalore is nicknamed the Garden City and was once called a pensioner's paradise. Located on the Deccan Plateau in the south-eastern part of Karnataka, Bangalore is India's third most populous city and...

-based company Coopman Consultancy for Urban Co-Operative Banks, Rural Co-Operative Banks, District Co-Operative banks, State Co-Operative Apex banks, Regional Rural Banks and Credit societies in India

India

India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...

 and Asia

Asia

Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...

 region.

The company was acquired by VSoft Corporation

VSoft Corporation

VSoft Corporation is an information technology company headquartered in Georgia, US. The company has its Research and Development wing based in Hyderabad, India...

 in July 2007. With the acquisition of Coopman Consultancy and its core banking software (SuVikas), VSoft Corporation expanded their customer base to India and Asia. At the time of acquisition, Coopman Consultancy had about 30 Co-Operative Banks, rural banks and credit societies using SuVikas across their various branches.

Salient features

• Complete front and back office solution
• Easy for adapting to different Indian practices
• Wed-based technology
• Platform-independent, currently available for both windows and Linux platforms
  Linux
  Linux is a Unix-like computer operating system assembled under the model of free and open source software development and distribution. The defining component of any Linux system is the Linux kernel, an operating system kernel first released October 5, 1991 by Linus Torvalds...
  
  
• Browser-based technology that simplifies and hastens core banking, that enable financial institutions to     focus more on customer service    
• Full suite of analysis and RBI
  Reserve Bank of India
  The Reserve Bank of India is the central banking institution of India and controls the monetary policy of the rupee as well as US$300.21 billion of currency reserves. The institution was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of...
  
   reports    
• User friendly

Optional features

• Internet banking
• Touch screen Kiosk facility
• Mobile Banking
  Mobile Banking
  Mobile banking is a term used for performing balance checks, account transactions, payments, credit applications and other banking transactions through a mobile device such as a mobile phone or Personal Digital Assistant . The earliest mobile banking services were offered over SMS...
  
      
• Mobile alerts
• ATM Support
• EFT and NEFT Support
• RTGS support
• ECS Module

Supported modules

• Share Accounts
• Savings Accounts
• Current Accounts
• Deposits
• Loans
• Investments
• Remittances
  Remittances
  A remittance is a transfer of money by a foreign worker to his or her home country. Note that in 19th century usage a remittance man was someone exiled overseas and sent an allowance on condition that he not return home....
  
  
• Clearing
• Tax Calculation
• Service Tax
• Fringe Benefit Tax
• Interest paid without withholding tax returns

At present, more than 25% of Co-Operative banks, Rural banks and Credit Societies in India use SuVikas core banking solution

Core banking

Core banking is a general term used to describe the services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices.- Core banking :...

across their various branches in India. SuVikas core banking solution is also getting deployed in other banks in Asia.

Automation Solution for Primary Agricultural Credit Societies (PACS)

The Government of India, acting on the recommendations of the Vaidyanathan Committee, has allocated over Rs. 600 crores for the revival and computerization of State APEX Banks, DCCBs and PACS across all the states of India. The primary reason for this is to bring all these entities under a common accounting standard and reporting system (CAS). SuVikas from VSoft is considered robust and flexible for total branch automation solution for PACS.