P&S Bank currently uses Core Banking
System Finacle 7.0.25 to provide banking services to its account holders. As majority of the Banks operating Finacle 7x
have migrated to Finacle 10x version, P&S Bank too intends to migrate to a
higher version Finacle 10.2.15 (Or any latest certified and stable version post
10.2.15 in 10.2 series)
Towards this goal, P&S Bank has
floated a ‘Request for Proposal’, for Appointment of IT Consultant for CBS and
IT Projects.
The scope of the work primarily is to
assist Punjab and Sind Bank to migrate to higher version Finacle 10.2.15 (Or
any latest certified and stable version post 10.2.15 in 10.2 series). One of
the options to be studied is to whether to continue with Finacle or go for a
new CBS Solution.
The consultant has to assist the Bank in the end-to-end contract
execution with the selected System Integrator/s including coordination with
different Bank Departments for finalizing the sizing. Based on the defined scope,
the consultant shall be required to independently arrive at the Methodology, based
on globally acceptable standards and best practices, suitable and acceptable
for the Bank, after taking into consideration the effort estimate for
completion of the same and the resource requirements.
The Consultant will have to work as per the
timings of the Bank. Given the ever changing business and technology
environment and the background that the Bank’s requirements would be varied and
recurring in nature, Bank envisages the need for consulting assistance for
technology initiatives and project management consultant on fixed-cost basis
for the below mentioned scope of work in a phased manner.
The Consultant will have to support
existing IT operations and IT related issues. Also have to consider and
implement all requirements/changes received time to time from Regulatory/Statutory
Body/ RBI/Govt. of India during project duration. The cost of support has to be
included in project cost.
The Consultant should be fully conversant
with all Government Guideline CVC guidelines, GFR 2017 issued by GOI, all
procurement guidelines/ manuals of the Bank as applicable to the subject matter
of advice /service to be rendered by the consultant during Phase –I – IT
Strategy, Phase –II RFP reparation and
subsequently in Phase – III Project Management and Monitoring.
The whole activity is divided into 3
phases as under:-
Phase – I ( IT Strategy) – Timelines - 3
Month.
Phase-II: RFP preparation based on IT
Strategy approved by the Bank’s Management & selection of System Integrator
(SI) – Timelines – 9 month
Phase-III : Project Management, Monitoring
of Implementation and other activities to be performed
The timelines are as under: -
Time
line to complete the project in phase wise :
Phase- I (From date of issuance of Work
order): IT Strategy - 3 Months
Phase-II (After completion of phase-I &
acceptance of IT Strategy from Board): RFP preparation, selection of System Integrator
(SI) and contract finalization - 9 Months
Phase-III (After completion of phase-II):
Project Management, Monitoring of Implementation and other activities to be
performed - 24 months
Punjab and Sind Bank has 1500+ branches,
with majority of its branches located in Punjab state.
The foundation of Punjab and Sind Bank was
laid in 1908, when a humble idea to uplift the poorest of poor of the land
culminated in the birth of Punjab & Sind Bank with the far-sighted vision
of luminaries like Bhai
Vir Singh, Sir Sunder Singh Majitha and Sardar
Tarlochan Singh. They enjoyed the highest respect with the people of Punjab.
