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Banks

IBM: gets 10-year contract from Indian co-operative

NEW DELHI, April 13 (Reuters) - IBM IBM.N said on Monday it had won a 10-year outsourcing contract from an Indian co-operative bank to manage the bank's IT infrastructure.

IBM did not put a value to the contract, but said in a statement it had signed the deal with Kurmanchal Nagar Sahakari Bank Ltd, which operates in the northern Indian state of Uttarakhand, in the first quarter of 2009. (Reporting by Devidutta Tripathy)

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