We are happy with Satyam's service: SBI

Kolkata, Jan 15 (IANS) India's largest bank, the State Bank of India (SBI), has decided to retain its contract with scam-tainted information technology (IT) firm Satyam Computer Services for maintaining its Internet banking services, a top bank official said here Thursday.

'We are not at all thinking of changing Satyam as our vendor for Internet banking services. But we are prepared,' SBI deputy managing director in charge of IT, R.P. Sinha told reporters on the sidelines of an IT seminar.

'We are happy with Satyam's service as a vendor, there is no problem at all. If anything happens anywhere, we are fully prepared. There will not be any disruption in our net banking services,' Sinha said when asked whether the vendor is capable of handling the banking transactions that takes place through the portal.

Satyam's founder and disgraced former chairman B. Ramalinga Raju last week admitted to committing a Rs.70-billion (Rs.7,000-crore/$1.43 billion) accounting fraud.

Sinha said he was hopeful that the Satyam's condition would improve as the government was taking measures to 'bring it back to health'.