bangalore in one of the biggest it deals in india hp on wednesday announced that it bagged a 10year outsourcing contract from bank of india valued at 150 millionthis contract is a first of its kind encompassing it enabled transformation in a fully outsourced model this initiative will enable boi not only to achieve cost advantage but also derive significant business benefits in the competitive banking environment in india hp said in a press statementunder the terms of the contract hp will implement and manage a core banking solution cbs across 750 branches of boi the cbs solution is based on infosys finacle application finacle core banking has the largest installed base in india and also a growing base of bfsi customers across continents finacle is a centralised and integrated corporate retail and trade finance solution that is designed to create a flexible scalable and robust technology platform for the bankthe solution is multicurrency multiplatform and workflow enabledunder this contract hp will also implement and manage a data warehousing and document imaging solution and provide integrated channel management including tele banking internet banking and atm the contract also envisages building and managing a datacenter disaster recovery site helpdesk and call centre