Special Correspondent

CHENNAI: More than 250 mid-size financial services institutions, including co-operative and regional rural banks and co-operative credit societies, are using Oracle Database and Oracle Fusion Middleware to help automate transactions, conduct branch operations at a faster pace and increase the number of transactions per day, according to Krishan Dhawan, Managing Director, Oracle India.

Addressing a press conference here on Tuesday, Mr. Dhawan said in India, since 2006, the company had added 1,200 SMBs (small and medium business). In this segment, it was targeting sectors such as financial services including regional rural banks, small banks and asset reconstruction companies, apart from manufacturing, information technology and IT-enabled services.

Anup Varma, Regional Director, Technology Commercial Sales, said more than 4,500 mid-size companies were relying on Oracle to power their businesses.