Indian Bank, a premier nationalized bank in India, needed a functionally robust and easy to deploy core banking solution. It found the scalable, flexible and easy-to-integrate core banking solution from TCS BaNCS to be the ideal solution. Tata Consultancy Services deployed the solution in all of the bank’s 1,928 branches and 62 administrative offices under a rapid implementation schedule, with the scale and sophistication of the implementation proving to be a record in itself. For TCS, what began a decade ago with a series of assignments grew into a long-term relationship with the bank. Today, in the wake of the exceptional core banking implementation, the bank regards TCS as its trusted advisor and a partner in its growth.
Like most public sector banks in India, Indian Bank was also under pressure to compete with banks in the private sector and offer new-age products and services, while simultaneously enhancing process efficiency. Besides, deregulation of interest rates on loans and deposits added additional pressure on its margins.
Indian Bank selected Core Banking solution from TCS BaNCS to drive its modernization initiative. With prior experience of TCS technology and industry expertise over a decade-long association, the bank was confident that TCS would deliver a state-of-the-art technology platform. TCS BaNCS deployed the Core Banking solution under a rapid implementation schedule, with the scale and sophistication of the implementation proving to be a record in itself.