E-Kuber RBI Core Banking Solution

RBI has developed a core banking solution which will encompass all banking and accounting
operations to be aligned with its current and future IT requirements. The product which is
named e-Kuber has been developed and implemented by Polaris Inc.
This product enables RBI to have a cross functional and seamless automation and integration
of the banking operations in all regional offices of the Bank with departments like Deposit
Accounts Department (DAD), Public Accounts Department (PAD) and Pubic Debt Office
(PDO).
This Core Banking solution has replaced the earlier existing CFMS (Centralized Funds
Management System) setup.
Some of the major features of E-Kuber are:
1. Cross functional and seamless integration of the banking operations i.e. operations in
DAD, PAD, PDO and CAS, Nagpur applications along with other banking functions as a
total solution paving way for virtual banking department running on a single GL.

2. Provision of a single account for each bank across the country, decentralized access to
this account from anywhere, anytime usage using the portal based services in a safe
manner and the ease of operations.

3. Government users can view their balances of all types including the Ways and Means
Advances, drawings, funds positions and the like all in a consolidated manner through
the E-Kuber so as to help then in better funds management.

4. Better flexibility for the Government in managing its finances as this portal has the
capability of consolidating revenue collections by banks.

5. This CBS solution maintains accounts of commercial banks, financial institutions,
international bodies, foreign central banks etc.

6. It acts as a common front-end for transactions relating to securities.

7. E-Kuber will act as a platform for conducting auctions and generate results for further
analysis, modification and approval by the FMD.

8. E-Kuber enables cooperative banks to be part of the e-Payment revolution in India, as the
cooperative banks can hold direct accounts in RBI. Prior to E-Kuber, if a cooperative bank
did not have a branch in Mumbai, it was difficult to be a direct participant in E-Payment
platforms viz RTGS, NEFT, NCS etc.