HDFC Bank Wanted To Integrate Treasury Operations To Boost Profitability. They Found A Certain Way.
Established in 1994, HDFC Bank is a leading scheduled-commercial private sector Indian bank with branched in India, Hong Kong and Bahrain. Rapid growth in the number of customers and service operations at the bank led to the need for a secure, integrated treasury system, capable of managing multiple-asset classes on a single platform. Tata Consultancy Services (TCS) implemented the Treasury solution from TCS BaNCS to consolidate and manage HDFC’s treasury, replacing six active systems managing the same operations. TCS BaNCS enabled HDFC Bank to significantly increase transaction volumes and delivered a net reduction in manpower deployment resulting in direct reduction of costs and commendable improvements in treasury profitability.