Bharuwa Solutions' AI-powered banking ERP system is set to revolutionise financial inclusion in India
Bharuwa Solutions Pvt. Ltd. (BSPL), the technology arm of the Patanjali Group, proudly announces its strategic foray into the Indian banking sector with the launch of an AI-powered, Multilingual (Bilingual) 360° Banking ERP System.
Tired of too many ads? go ad free now
This next-generation platform is designed to revolutionize digital banking by empowering regional, cooperative, and small financial institutions with intelligent, inclusive, and compliant technology.
Bharuwa's cutting-edge CBS platform ( B- Banking) is purpose-built to address four critical challenges that have long hindered innovation and inclusivity in India's banking ecosystem:
1. Language Inclusivity
With India's linguistic diversity, most banking services remain limited to English.
BSPL's bilingual solution allows banks to serve customers in both English and their local language—e.g., Gujarati in Gujarat, Punjabi in Punjab—ensuring accessibility and ease of use for all citizens.
2. Enhanced Security
The platform incorporates state-of-the-art AI and cybersecurity protocols to provide comprehensive protection for data, transactions, and digital interactions.
3. Process Efficiency
Designed for end-to-end banking transformation, the system features robust capabilities including API banking, MIS, HRMS, ERP modules, AML tools, and workflow automation for seamless operations and compliance.
4. Regulatory Compliance
Fully aligned with the Official Language Act, 1963 and Supreme Court directives, the solution ensures compliance with government mandates for bilingual software across financial institutions.
Sh Acharya Balkrishna Ji, Founder & Managing Director of the Patanjali Group, expressed his commitment to technological inclusion:
'Bharat is a nation of many languages, yet our banking infrastructure predominantly operates in English—alienating the majority.
Tired of too many ads? go ad free now
Bharuwa Solutions is launching a transformative product that is technologically superior, functionally comprehensive, and linguistically inclusive, aligned with the Official Language Act of 1963.'
'In this age of AI and Machine Learning, it's time our rural, semi-urban, cooperative, and small finance institutions get access to the same level of technology as public and private sector banks. This initiative is about empowering Bharat, in every sense of the word.'
To bring this vision to life, Bharuwa Solutions has partnered with Natural Support Consultancy Services Pvt. Ltd. a veteran in the bilingual banking space with a legacy of automating over 5,000 bank branches since 1999 for surround products like AML, LOS, MIS etc
Together, Bharuwa and Natural aim to deliver a comprehensive 'Bank in a Box' solution—an all-in-one platform combining frontend excellence with a powerful backend infrastructure.
It seamlessly integrates with Core Banking Systems (CBS), supporting services like, Internet & Mobile Banking, AI-Powered Search, eKYC, CKYC, PFMS Integration, SMS Banking, KCC IS Portal, AML, HRMS, CSS, MIS, DSS, and backend processes like ERP, HRMS etc.
This holistic offering is tailored to enable digital transformation for State Cooperative Banks, District Central Cooperative Banks, Urban Cooperative Banks, NBFCs, and other financial institutions across India and International market, particularly in regions with multilingual banking needs.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
2 minutes ago
- Time of India
Unfair trade practices by Bangla suppliers forced India to restrict import of jute: Officials
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India imposed restrictions on the import of jute and allied fibre products from Bangladesh in view of its "unfair trade" practices including circumvention of anti-dumping duty that harmed Indian farmers, people familiar with the matter said on new restrictions will apply to imports into India of Bangladesh's jute and allied fibre products across all land and seaports, with the exception of the Nhava Sheva seaport in punitive measures were announced on Friday and they came into effect has been a sharp downturn in India-Bangladesh relations after deposed prime minister Sheikh Hasina fled Dhaka and took shelter in India in August last year in the face of a massive anti-government must not be allowed to persist with "unfair trade" practices that harm the livelihood of Indian farmers and mill workers in a sector that forms the economic backbone of rural regions, said an official on condition of market access extended by India in good faith cannot be undermined to the detriment of India's economic interests, said another decision on Bangladeshi jute and fibre products came weeks after it put restrictions on ready-made garments and several other consumer goods through land the provisions of SAFTA (South Asian Free Trade Area), jute from Bangladesh enjoys a duty free access to the Indian jute industry has, for long, suffered due to the adverse impact of dumped and subsidised imports of jute products, particularly yarn, fibre and bags' from the neighbouring country, the people cited above is credible evidence that Bangladeshi jute exports continue to benefit from state subsidies extended by the government of Bangladesh, they response to these concerns, the Directorate General of Anti-Dumping and Allied Duties (DGAD) conducted detailed investigations and imposed anti-dumping duty (ADD) on jute and goods originating from Bangladesh, the people the imposition of ADD has not yielded a substantial reduction in imports, they from various subsidies, common malpractices by Bangladeshi exporters include circumvention of anti-dumping duty through technical exemptions, mislabelling, exports through ADD exempted firms and "misdeclaration" to secure higher subsidies, the people restrictions are aimed to counter unfair trade practices , promote ' Atmanirbhar Bharat ' (self-reliance), and protect rural livelihoods tied to India's domestic jute economy, the people cited above said."To safeguard the interests of the domestic jute industry and to counter the unfair trade practices employed by the Bangladesh exporters acting in collusion with Bangladeshi establishment, it has been decided to restrict Bangladesh imports of jute and jute products to India through only from Nhava Sheva port," said one of the people."The imposition is expected to streamline the quality checking, prevent misdeclaration and fraudulent labelling, thereby neutralising the malpractices that have plagued the industry for long," the person said."The government is also taking steps to ensure that exporters in Bangladesh do not circumvent the aforesaid restrictions by routing their jute exports through third countries," he added.
&w=3840&q=100)
First Post
14 minutes ago
- First Post
PM Modi speaks with astronaut Shubhanshu Shukla after historic ISS docking
Prime Minister Narendra Modi has interacted with Group Captain Shubhanshu Shukla, who is aboard the International Space Station, according to the PMO. read more Axiom-4 crew member Shubhanshu Shukla in a flight suit, aviation helmet and oxygen mask, gesturing to the camera during training at Nasa's Johnson Space Center (JSC) in Houston, Texas. Astronaut Shubhanshu Shukla soars into space June 2025 as the first Indian to join the International Space Station, bearing with him New Delhi's dreams of its own manned space flight. File image/AFP Prime Minister Narendra Modi interacted with Group Captain Shubhanshu Shukla, who is currently aboard the International Space Station (ISS), the PM's Office said. PM @narendramodi interacted with Group Captain Shubhanshu Shukla, who is aboard the International Space Station. — PMO India (@PMOIndia) June 28, 2025 STORY CONTINUES BELOW THIS AD Shukla made history on Wednesday by becoming the first Indian in 41 years to travel to space, as part of a commercial mission organised by Axiom Space. The last Indian to do so was Rakesh Sharma in 1984. The mission Ax-4 , includes astronauts from India, Poland, and Hungary — each representing their country's inaugural journey to the ISS. Axiom Space noted that this is also the second government-sponsored human spaceflight mission for India in over four decades. Shukla will conduct seven experiments in space that are aimed at encouraging microgravity research in India, which hopes to build its space station by 2035 and send astronauts to the moon by 2047. With inputs from agencies
The Print
15 minutes ago
- The Print
Kolhapuris get Prada makeover at Rs 1.2 lakh: Where's the credit, fume activists as label acknowledges ‘inspiration'
'I am deeply annoyed and disgusted by the way Prada has appropriated something deeply Indian and traditional — without giving any recognition to the craftspeople or the culture it comes from. This is a metaphor for how we in India often undervalue our own heritage, dismissing it as primitive or merely 'handicraft,' while the world repackages it as luxury,' designer and activist Laila Tyabji, who has worked with craftspersons for decades, told PTI. That the GI-tagged footwear, a symbol of Indian craft that goes back centuries was appropriated by the Italian luxury label which featured it in Spring/Summer 2026 show, led to a massive debate on cultural theft and giving artisans their rightful due. New Delhi, Jun 28 (PTI) The humble kolhapuri, style statement for affordable ethnic elegance and simply staple wear for many, catapulted to the rarefied runways of Milan with Prada rebranding the handcrafted chappal 'leather flat sandals' at Rs 1.2 lakh. The outrage was instant and intense. 'It's time we acknowledged that India holds extraordinary skills and knowledge systems. We must recognise, protect, and proudly present them to the world—before others steal and sell our identity back to us,' the Dastkar chairperson added. Several days later, as the debate escalated in India, Prada acknowledged the connection and said the design is 'inspired' by the Indian handcrafted footwear. It said the sandal featured in the men's 2026 fashion show is still at the design stage and none of the pieces worn by models on the ramp are confirmed to be commercialised. 'We are committed to responsible design practices, fostering cultural engagement, and opening a dialogue for a meaningful exchange with local Indian artisan communities as we have done in the past in other collections to ensure the rightful recognition of their craft,' Prada's group head for corporate social responsibility, Lorenzo Bertelli, said in reply to a letter by the Maharashtra Chamber of Commerce, Industry and Agriculture (MACCIA). The industry lobby had sought exploration collaborations and fair compensation to the artisans and also adherence to ethical fashion practices that respect traditional knowledge and cultural rights. For many though, the initial absence of credit for Kolhapuris, paraded as cutting-edge high fashion for clients who are the polar opposite of the regular Kolhapuri wearer, was the most important takeaway from the glam Milan moment. Kolhapuri chappals are typically handcrafted and manufactured in the Maharashtra town of Kolhapur, from where they take their name, and the surrounding districts of Sangli, Satara and Solapur. The craft has a legacy dating back to the 12th or 13th century. Originally patronised by the royals of the region, Kolhapuri sandals were crafted by the local cobbler community using vegetable-tanned leather and were entirely handmade — using no nails or synthetic components. They're also known for their signature T-strap shape, detailed braiding, and open-toe design — a perfect blend of practicality and fashion. In 2019, Kolhapuri chappals were granted GI tag status by the government of India, recognising them as a unique product tied to eight districts across Maharashtra and Karnataka. This legal status protects the craftsmanship and origin from imitation, and helps promote economic security for rural artisans. A PIL against Prada could well be in the works. GI expert and heritage rights advocate Ganesh Hingare is already collating documents to sue the luxury fashion brand for what he describes as 'intellectual property infringement under Section 22 of the GI Act'. 'This isn't the first time India has faced such appropriation. We've fought and won similar battles before — like in the turmeric patent case and the basmati rice case in the US. 'This is not just about a pair of chappals. This is about cultural theft, disrespect to artisans, and violation of India's GI laws. An apology is not just due to Kolhapur, but India,' Hingare, who has worked on over 100 GI-tagged products, including 59 from Maharashtra alone, told PTI. In Maharashtra, BJP Rajya Sabha MP Dhananjay Mahadik, who belongs to Kolhapur, led a delegation of traditional Kolhapuri chappal artisans to meet Chief Minister Devendra Fadnavis. Social media is also abuzz with accusations of cultural appropriation. Global footwear brand Bata called out Prada for rebranding what 'India has cherished for centuries'. 'It's a reminder that heritage always leads, and trends follow,' said Deepika Deepti, head of marketing at Bata India. 'The Kolhapuri chappal is not a 'design discovery' — it's a living tradition. At Bata India, we've proudly brought this craftsmanship to millions, long before it appeared on international runways. Real originality doesn't come with a luxury tag — it comes with legacy,' she said. The Prada projection has had an unexpected fallout. In Delhi's popular Janpath market, Ashok Grover has been selling a wide range of Kolhapuri chappals since the 1970s. Demand has been dwindling but suddenly there is a flood of inquiries. 'These luxury companies first invest, then go all out on marketing, create hype around products — which aren't even theirs — and finally slap an extravagant price on them. I saw the picture of that chappal — at best, it wouldn't cost more than Rs 2,000 to Rs 3,000. And here, I can't even sell the same article for Rs 1,000,' said the owner of Maujri Collections, one of the oldest shops in Janpath. When he started his business, the slippers were being sold for just Rs 10. So when and how did Kolhapuris really become a rage, part of the quintessential kurta, pyjama and ethnic jhola look loved by college students, aspiring politicians, and so many more. Some cite the 1979 Hindi blockbuster 'Suhaag' in which Amitabh Bachchan — who plays a cop — has a memorable exchange with a corrupt seth (businessman) : 'Yeh kya hai?' 'Chappal' 'Kaunsa?' 'Kolhapuri', as he takes off his slipper and slaps him hard with it. It's not just Kolhapuri chappals that have fallen prey to cultural appropriation. Experts also cite the humble Indian jhola, typically priced between Rs 200–300 in local markets, now being sold as a Rs 4,000 'India souvenir tote' on luxury American retail site Nordstrom. Traditional dupattas have been rebranded as 'Scandinavian scarves', while intricately embroidered lehengas are being passed off as trendy 'Y2K maxi skirts'. On the flip side, some fashion experts believe the sudden global attention on Kolhapur chappals can help fuel the revival of this traditional unisex footwear. Celebrity fashion designer Bhawna Rao believes the moment will 'spark curiosity, draw investment, and invite younger generations to engage with heritage crafts in new ways'. Shirin Mann, founder of footwear label NEEDLEDUST — known for reinventing the traditional Indian 'jutti' — said Prada has brought 'massive recall value' to the Kolhapuri chappal. 'Until now, it hadn't been considered part of the 'cool' or aspirational footwear space in India's luxury market… I truly believe in the ripple effect of what Prada has done. 'While it may not be a direct collaboration, the global visibility can be powerful, boosting awareness, reviving demand, creating jobs, and most importantly, sparking a renewed appreciation for the craftsmanship of the artisans,' said Mann, adding that global reinterpretations are inevitable, but they 'should come with context, credit, and ideally, collaboration'. PTI MG AA MIN MIN MIN This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
