Shares of Canara Bank fell 0.40% to currently trade at Rs 99.75 on the BSE.
The project spans five years and encompasses the supply, implementation, and maintenance of cutting-edge infrastructure, including 500 servers, high-performance storage systems, and an extensive suite of IT hardware and software. By transforming Canara Bank's data center capabilities, Dynacons is poised to strengthen the bank's digital foundation and ensure seamless operations at scale.
The aggregate value of the work order is Rs 280 crore, and the project is to be completed within 5 years.
Dynacons Systems & Solutions (DSSL) is an IT infrastructure company providing systems integration, networking solutions, facility management services, security solutions, and software services.
Canara Bank is an Indian public sector bank. As on 30 September 2024, the bank has 9,658 branches, out of which 3,115 are rural, 2,778 semiurban, 1,918 urban & 1,847 metro along with 9,881 ATMs. The bank is also having 4 overseas branches in London, New York, Dubai and Gift City.