September 08, 2026 03:08 am (IST)
Follow us:
TCS BaNCS drives next generation banking services at IDFC Bank
Mumbai/Kolkata, Dec 7 (IBNS): Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organization, announced that IDFC Bank has gone operational with TCS BaNCS for Core Banking, thereby enabling next generation banking services that are more personalized, convenient and faster. IDFC Bank started operations on October 1, 2015, with 23 branches, powered by TCS BaNCS.
The Core Banking solution equips IDFC Bank with a flexible, easy-to-scale system that will help it deliver a differentiated customer experience.
Commenting on the implementation of TCS BaNCS, Rajiv Lall, Managing Director & CEO, IDFC Bank, said, “IDFC Bank intends to use technology to relentlessly drive efficiency, with a new approach to service and inclusive banking. To achieve this, it requires a system that is nimble, smart, and one that would host all products and processes within a common architecture. Our selection of TCS BaNCS was based on this fundamental premise.”
N. Ganapathy Subramaniam, President, TCS Financial Solutions, said, “We are pleased to report the go live of TCS BaNCS at IDFC Bank within a year, laying the foundation for customer-centricity, business resiliency, and operational efficiency. It is really gratifying to see that a modern bank is taking shape, supporting digitally empowered customers and corporates as well as reaching out to the unbanked as a focused business.”
TCS was selected by IDFC Bank for its best-of-breed technology and established track record of having deployed more than 300 similar projects worldwide, including those at some of the world’s largest banks.
In about 9 months, IDFC Bank has implemented solutions for core banking, corporate loan origination, financial inclusion and Global Limits and Exposure Management (GLEM) from the TCS BaNCS suite and has integrated them with a host of additional systems within the Bank. Thereby, it has created a complete and efficient ecosystem to acquire and service customers across retail and corporate segments.
IDFC Bank is committed to offering new-age, tech savvy banking solutions, backed by a unique distribution network. The Bank has started operations in rural banking, corporate and wholesale banking and treasury, in the first phase. It is expected to soon roll out personal and SME banking services.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Coal India sees sharp recovery in production, power-sector supplies as rainfall eases
Mon, Sep 07 2026
Adani Power Improves ESG Score to 66 in NSE Sustainability Assessment. What does it mean?
Mon, Sep 07 2026
Bajaj Broking launches its ChatGPT plugin to help users with AI-powered portfolio insights. Why is it needed?
Mon, Sep 07 2026
TCS’ HyperVault to establish large-scale AI data center campus in Telangana: Know all details
Sun, Sep 06 2026
Is This the Right Time to Lock Your Savings in an FCNR Deposit?
Sat, Sep 05 2026
Thales and Kalyani Strategic Systems Limited sign Strategic Alliance Agreement for 70-mm Rocket Systems
Fri, Sep 04 2026
Axis Bank and Scapia launch co-branded credit card for India's new generation of travellers
Fri, Sep 04 2026