Citicorp, which develops much of its software in Bombay, has opened a second Indian development center in the city of Hyderabad.

Citicorp said its Indian software development company, Citicorp Overseas Software Ltd., plans to use Hyderabad to undertake projects to support global finance activities as well as consumer banking operations. These include architectural systems and servers; product systems for trade, cash, and securities products; and Internet applications.

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