Cooperative lender, Saraswat Bank has entered into a tie up with Reliance ADAG in order to bring into market its core banking software, Swift Core.. The bank has now got license from RBI to start pan India operations.

"We have recently tied up with the ADAG through which we can sell our core banking software, ‘Swift Core', to banks using ADAG's optical fibre network spread across the country," the Saraswat Bank Chairman, Mr Eknath Thakur said.

"Large banks go for packages developed by bigger companies like (Oracle) I-flex and Infosys, but we will target the product at 300 smaller banks which also need to install CBS," Mr Thakur said.

Swift Core has been developed by Saraswat Infotech Ltd (SIL). Mr Thakur said that the bank SIL would benefit from the tie up.