📷 Image: Wikimedia Commons / Dinesh Valke from Thane, India
Business
Virtual Galaxy Infotech Wins ₹5.45 Cr Core Banking Contract from Mizoram Apex Bank
✍️ Trade Brains
🗓 19 Aug 2026, 07:33 PM
👁 1
Virtual Galaxy Infotech has secured a ₹5.45 crore core banking system contract with Mizoram Apex Bank, aiming to modernise the lender's digital operations.
Virtual Galaxy Infotech, a technology solutions provider, announced that it has been awarded a core banking implementation contract worth ₹5.45 crore by Mizoram Apex Bank. The agreement, reported by Trade Brains, will see the firm deliver a comprehensive core banking platform to upgrade the bank's existing infrastructure.
Under the deal, Virtual Galaxy Infotech is expected to install, configure and integrate the new system across the bank's branches, enabling real‑time transaction processing and enhanced customer services. Training for bank staff and ongoing technical support are also part of the scope.
The contract reflects growing interest among regional banks in adopting advanced digital solutions to improve efficiency and meet regulatory standards. Both parties anticipate that the upgraded platform will bolster the bank's competitiveness in Mizoram's financial sector.
The implementation timeline and specific technical details were not disclosed, but the partnership signals a continued push for technology-driven banking reforms in India's northeastern states.
Under the deal, Virtual Galaxy Infotech is expected to install, configure and integrate the new system across the bank's branches, enabling real‑time transaction processing and enhanced customer services. Training for bank staff and ongoing technical support are also part of the scope.
The contract reflects growing interest among regional banks in adopting advanced digital solutions to improve efficiency and meet regulatory standards. Both parties anticipate that the upgraded platform will bolster the bank's competitiveness in Mizoram's financial sector.
The implementation timeline and specific technical details were not disclosed, but the partnership signals a continued push for technology-driven banking reforms in India's northeastern states.