Kurmanchal Nagar Sahakari Bank Ltd, one of the leading urban co-operative banks in the state of Uttarakhand in India, has signed a 10-year ITO deal with IBM. As part of the agreement, IBM will remotely host and manage the IT infrastructure and the disaster recovery site, as well as provide the networking infrastructure for the bank.

Signed in Q1 of 2009, this agreement is first-of-a-kind for IBM in Uttarakhand and follows its success with other co-operative banks in different parts of the country.

Mr. Manoj Sah, CEO of Kurmanchal Bank, commented, " We believe their [IBM’s] technology expertise and focus on delivering cost-efficient solutions will help us achieve our growth strategy and higher levels of customer satisfaction."