BoB, Dena, Vijaya Bank merger could open Rs 1,000 cr IT outsourcing window

The amalgamation of Bank of Baroda (BoB), Vijaya Bank and Dena Bank will create an IT outsourcing opportunity worth about Rs 1,000 crore, in terms of integrating the different technology stacks used by these PSU lenders. According to several people in the know, while existing vendors Infosys and Hewlett-Packard (HP) have a fair chance of clinching this deal, even global majors IBM and Accenture are seen as strong contenders to execute the projects.

As part of the amalgamation, core banking platform integration will be the first step, and will be followed by integration of applications related to human resources and treasury, apart from product-focussed APIs (Application Programme Interface).