eKuber – Reserve Bank of India’s Core Banking Solution


Reserve Bank of India, has christened its Core Banking Solution as eKuber. The quest by RBI to have its own CBS begun in June 2007, when in RBI’s Financial Sector Technology Vision, the Department of Information Technology, broached the concept of CBS in RBI.

Subsequently, in May 2010, the notification issued for EOI for Identification of OEM / Product Vendor / System Integrator for implementing Core Banking Solution was issued.

M/s Polaris Software Lab Limited was selected as the successful bidder for the implementation of Core Banking Solution across the Bank.

In early 2012, CBS in Reserve Bank of India went live.

In Hindu mythology  Kubera (Sanskrit: कुबेर, Pali/later Sanskrit: Kuvera) also spelt Kuber, is the Lord of wealth and the god-king of the semi-divine Yakshas in Hindu mythology.

His many epithets extol him as the overlord of numerous semi-divine species and the owner of the treasures of the world. Kubera is often depicted as a fat man, adorned with jewels and carrying a money-pot or money-bag, and a club.

Hence, it is apt that the CBS of RBI has been christened as eKuber. Over the last one year eKuber has stabilized well.

eKumber has enabled cooperative banks to be part of the ePayment revolution in India, as the cooperative banks can hold direct accounts in RBI. Prior to eKuber, if a cooperative bank did not have a branch in Mumbai, it was difficult to be a direct participant in ePayment platforms viz RTGS, NEFT, NCS etc.

The other features of eKuber are:

  • Provision of a single account for each bank across the country, decentralised access to this account from anywhere, anytime usage using the portal based services in a safe manner and the ease of operations are some of the features of the e-Kuber which have been well received by banks.
  • Government users can view their balances – of all types including the Ways and Means Advances, drawings, funds positions and the like – all in a consolidated manner through the e-Kuber so as to help then in better funds management.
  • The capability of consolidating revenue collections by banks through the e-Kuber offers the potential for better flexibility for the Government in managing its finances apart from moving over towards higher levels of electronic based banking


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