Reserve Bank of India
Shahid Bhagat Singh Road,,
Mumbai, 400001,
India
Mumbai, 400001,
India
91 22 2260 1000
Banking and Financial Services
Reserve Bank of India Technographics
Reserve Bank of India Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Reserve Bank of India and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 12276 Reserve Bank of India employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Reserve Bank of India has purchased the following applications: SAP ERP ECC 6.0 for ERP Financial in 2018, SAP HCM Personnel Administration for Core HR in 2017, Intellect Quantum Central Banking Solution for Core Banking in 2011 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Reserve Bank of India is running and its propensity to invest more and deepen its relationship with SAP , Intellect Design , Cisco Systems or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Reserve Bank of India revenues, which have grown to $4.36 billion in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Reserve Bank of India intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Reserve Bank of India Tech Stack and Enterprise Applications
ERP Financial Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| SAP | Tally ERP | SAP ERP ECC 6.0 | ERP Financial | ERP Financial Management | n/a | 2018 | 2019 |
In 2018, Reserve Bank of India implemented SAP ERP ECC 6.0 as its ERP Financial platform, migrating core accounting functions from Tally ERP. The initial deployment centralized core finance operations with SAP ERP ECC 6.0 to standardize general ledger processing, accounts payable, accounts receivable and fixed asset accounting.
SAP ERP ECC 6.0 deployment also incorporated SAP HCM modules within the ECC environment to support payroll and HR records, reflecting internal qualifications that include extensive SAP HCM experience across ECC and HANA environments. Configuration work emphasized financial master data harmonization, chart of accounts alignment and statutory reporting capabilities consistent with the ERP Financial category.
Project governance was staffed by experienced SAP HCM leadership, with candidate qualifications specifying 16 years overall work experience, at least 14 years in SAP HCM, a minimum of five full lifecycle SAP HR implementations and five years as a project manager. This governance structure combined deployment oversight with ongoing support accountability for SAP HCM and financial modules.
The implementation impacted finance, treasury and HR business functions within the Reserve Bank of India, centralizing transactional financial workflows under SAP ERP ECC 6.0 ERP Financial. Operational scope covered central finance processes and HR process orchestration across the institution.
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HCM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| SAP | Legacy | SAP HCM Personnel Administration | Core HR | HCM | n/a | 2017 | 2018 |
In 2017 Reserve Bank of India implemented SAP HCM Personnel Administration as part of a Core HR initiative to standardize HR processes across its organization. The engagement included on-site functional consulting support in Mumbai, India and was staffed with consultants experienced in SAP HCM PA, OM, Time and Payroll modules reporting to a central project manager.
The implementation encompassed configuration and delivery of SAP HCM Personnel Administration alongside Organizational Management, Time Management, Payroll, Employee and Manager Self Service, Appraisals, CATS and PCP functionality. Deliverables emphasized requirements gathering, AS-IS and To-Be process documentation, gap analysis, application design, configuration, testing, and staged deployment with post go-live support capability.
Operational coverage focused on core HR and payroll functions for the banking organization, with functional responsibilities extending across HR operations, payroll processing, time capture and performance appraisal workflows. The project brief and role requirements indicate use of standard SAP HCM functional workflows for personnel administration, payroll runs, time evaluation, ESS and MSS interfaces and appraisal lifecycle management consistent with the Core HR category.
Governance and delivery were organized under a project manager structure, with consultants tasked to facilitate process re-engineering and recommend adoption of out-of-the-box SAP HCM practices. The implementation approach included structured testing, documentation of business requirements, and support handover processes to enable ongoing operations and stabilization.
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Employee Self Service | HCM |
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2017 | 2018 |
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Payroll | HCM |
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2017 | 2018 |
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Succession and Leadership Planning | HCM |
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2017 | 2018 |
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Time and Attendance | HCM |
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2017 | 2018 |
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ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Intellect Design | Legacy | Intellect Quantum Central Banking Solution | Core Banking | ERP Services and Operations | n/a | 2011 | 2013 |
In 2011 Reserve Bank of India implemented Intellect Quantum Central Banking Solution for Core Banking to modernize central banking operations. The deployment targeted finance and enterprise general ledger, payments and settlements, and public debt and securities processing while enabling real-time reporting and eliminating reconciliation across regional offices in India.
Functional configuration centered on Enterprise GL, payments and settlements, and public debt and treasury modules, providing integrated accounting, settlement processing and securities lifecycle accounting. Intellect Quantum Central Banking Solution was configured to consolidate transaction processing and reporting, with near real-time posting and automated reconciliation controls to reduce manual interventions.
Rollout was executed as a centralized program across the bank's regional offices, standardizing workflows for treasury, debt management and payments operations and establishing centralized reporting governance. The program, initiated in 2011, was recognized around 2013 for delivering faster policy implementation and dramatic reductions in manual reconciliation, and it restructured operational processes for finance, payments and public debt management.
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Collaboration
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Audio Video and Web Conferencing | Collaboration |
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2022 | 2022 |
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CRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Customer Engagement | CRM |
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2018 | 2018 |
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ITSM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Application Lifecycle Management | ITSM |
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2017 | 2018 |
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TRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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AML, Fraud and Compliance | TRM |
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2010 | 2010 |
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IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Application Hosting and Computing Services | IaaS |
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2018 | 2018 |
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IT Decision Makers and Key Stakeholders at Reserve Bank of India
| First Name | Last Name | Title | Function | Department | Phone | |
|---|---|---|---|---|---|---|
| No data found | ||||||
Apps Being Evaluated by Reserve Bank of India Executives
APPS RUN THE WORLD tracks software evaluation trends across 2 million companies worldwide, including buyer insights from Reserve Bank of India IT executives and key decision makers. As part of ARTW Buyer Intent and technographics insights, these findings provide useful visibility into the Reserve Bank of India digital transformation priorities and AI adoption trends.
| Date | Company | Status | Vendor | Product | Category | Market |
|---|---|---|---|---|---|---|
| No data found | ||||||
FAQ - APPS RUN THE WORLD Reserve Bank of India Technographics
Reserve Bank of India is a Banking and Financial Services organization based in India,
with around 12276 employees and annual revenues of $4.36 billion.
Reserve Bank of India operates a diverse technology stack with applications such as
SAP ERP ECC 6.0, SAP HCM Personnel Administration and Intellect Quantum Central Banking Solution,
covering areas like ERP Financial, Core HR and Core Banking.
Reserve Bank of India has invested in cloud applications and AI-driven platforms to optimize efficiency and growth,
collaborating with vendors such as SAP and Intellect Design.
Reserve Bank of India recently adopted applications including
Cisco Webex Meetings in 2022, SAP ERP ECC 6.0 in 2018 and Netcore Customer Engagement in 2018,
highlighting its ongoing modernization strategy.
APPS RUN THE WORLD maintains an up-to-date database of Reserve Bank of India’s key decision makers and IT executives,
available to Premium subscribers.
Our research team continuously updates Reserve Bank of India’s profile with verified software purchases,
vendor relationships, and digital initiatives identified from public and proprietary sources.
Subscribe to APPS RUN THE WORLD to access the complete Reserve Bank of India technographics profile,
including detailed breakdowns by category, vendor, and IT decision makers.