CMC in charge of total branch automation for Central Bank of India
Mumbai, January 27, 2003

CMC Limited, India's premier IT company, today announced the signing of a multi-crore Total Branch Automation (TBA) order from the Central Bank of India. Among its recent wins, the order is a significant breakthrough for the company.

The TBA order covers the automation of 300 branches across 36 cities and involves the installation of a range of IT equipment including state-of-the-art PCs, servers and printers in each of the branches.

This would enable the bank to extend its IT-enabled services to a larger base of customers across the country. The CBI had earlier selected CMC to setup its countrywide network that provides interconnectivity to its regional and branch offices for data and voice communication, which has been successfully completed in record time.

Mr Raghuraman, general manager, information technology, Central Bank of India, said, "CBI is one of the most IT-savvy banks in the country having a vision to fulfill its commitment to people by stretching its services into the remotest rural places."

Mr R Ramanan, deputy managing director and chief operating officer, CMC added, "We have been a value adding technology partner of CBI for many years. With CMC's superiority and proven experience in executing large, nationwide projects successfully across the country, CMC provides a superior value proposition to service the remotest customer locations. Added to this, our association with software major Tata Consultancy Services provides us with enhanced capabilities both in the range and the reach of our services. Since the Tata takeover, the strength of the CMC-TCS synergy is evident from the large deals that the two companies have been able to successfully win together."

About CMC
Founded in 1976, CMC is one of the premier information technology solutions providers in India, with a turnover of Rs 5,653.3 million for 2001-02. Operating out of 18 offices and more than 150 service locations in the country, CMC Limited employs over 3,000 people and has a wholly-owned subsidiary in USA called Baton Rouge International Inc.

CMC's vision is to operate globally and bring the benefit of information technology to improve the productivity of its customers and the quality of its customer's products and services. CMC combines horizontal expertise in information technology with its vertical experience developed by working in a wide range of industries.

About Central Bank of India
Established in 1911, the Central Bank of India was the first Indian commercial bank wholly owned and managed by Indians. Among the public sector banks, the Central Bank of India can be truly described as an 'all-India bank', with the distribution of its network in 27 out of 28 states and four out of seven union territories in India.

The CBI has a network of 3,116 branches and 280 extension counters at various centres across the length and breadth of the country. In view of its large network of branches as also the number of savings and other innovative services offered, the total customer base of the bank, at over 25 million account holders, is one of the largest in the banking industry.

Contact
Head Corporate communication
PTI Building
5th Floor, 4 Sansad Marg
New Delhi - 110 001
Tel: 91-11-23736151-8
Email: svr@cmcltd.com