Request for Proposal RFP - tripura state co-operative bank
Request for Proposal RFP - tripura state co-operative bank
Request for Proposal RFP - tripura state co-operative bank
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<strong>RFP</strong> <strong>for</strong> TSCB Core Banking ProjectTender #:1. REQUEST FOR PROPOSAL (<strong>RFP</strong>) FOR CORE BANKING SOLUTIONS (CBS)The Tripura State Co<strong>operative</strong> Bank Limited (TSCB) was established on 21 01-1957 with its headquarters at Agartala. Since its <strong>for</strong>mation it has proved to beflag-bearer among the Co<strong>operative</strong> Credit Institutions in the <strong>co</strong>untry. It ischanneling Co<strong>operative</strong> credit through its member District Co<strong>operative</strong> CentralBanks and Primary Agricultural Co<strong>operative</strong> Credit Societies to the resource-needyand enterprising farmers in the <strong>state</strong>. TSCB is a Government partnered Bank.Tripura State Govt. is the major share holder of this <strong>bank</strong> with more than 56% ofpaid –up share capital. Thanks to the <strong>co</strong>nstant support and patronize of StateGovernment the <strong>bank</strong> occupies a remarkable position in the overall e<strong>co</strong>nomy ofthe State. TSCB has its full time <strong>co</strong>mmitment to rural e<strong>co</strong>nomy. Already the <strong>bank</strong>is having the highest CD Ratio in the State.2. OBJECTIVES OF THE BANK• To promote the e<strong>co</strong>nomic interest of the members of the Bank inac<strong>co</strong>rdance WITH Co<strong>operative</strong> Principles;• To serve as a balancing centre <strong>for</strong> all Co-<strong>operative</strong> Banks and Societies inthe State of Tripura registered under the Tripura Co-<strong>operative</strong> Societies Act,1954, as amended from time to time.• To receive money on deposit in Current, Savings, Fixed or other Ac<strong>co</strong>untsand to raise or borrow from time to time such sums of money as may berequired <strong>for</strong> the purposes of the Bank.• To carry on and undertake any business undertaking, transaction operationwhich may be carried on or undertaken by a Bank registered under the TripuraCo- <strong>operative</strong> Societies’ Act 1954 as amended from time to time.• To grant loans to Co-<strong>operative</strong> Societies registered under the TripuraCo<strong>operative</strong> Societies’ Act 1954.• To receive <strong>for</strong> safe custody securities, ornaments and valuables but be<strong>for</strong>eundertaking this business the Bank will see that proper safety arrangements aremade <strong>for</strong> protection of the articles in custody.• To open branches in any part of the State of Tripura, Agencies andRegional Offices, where necessary, with the previous sanction of the Registrar ofCo<strong>operative</strong> Societies, Tripura.(i) To buy and sell securities of the Government of India or the Governmentof Tripura or other securities specified in clauses (a), (b), (c), (d) and (f) ofSection 20 of the Indian Trust Act <strong>for</strong> investment of both statutory and otherfunds and to purchase and sell bonds and scrips and other <strong>for</strong>ms ofsecurities on behalf of <strong>co</strong>nstituents and depositors.(ii) To buy and sell bonds and scrips and other <strong>for</strong>ms of securities of publicsector/ joint sector units and Mutual Funds <strong>for</strong> investing surplus fund of theBank.(iii) To buy and sell units issued by the Unit Trust of India as specified inclause (ee) of Section 20 of Indian Trust Act.To grant advances to:-1. individual members,Strictly Confidential Main Document Page 5
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