Tata Consultancy Services (TCS) has announced an expansion of its long standing partnership with Indian Bank, to deploy TCS BaNCS for Treasury at its Colombo branch in Sri Lanka, making the entry of TCS BaNCS for Treasury in the country.
Following the successful deployment of TCS BaNCS for Treasury across Indian Bank's operations in India and at GIFT City in Gujarat, the platform is now being extended to the Bank's Colombo branch, reinforcing a unified approach to treasury operations across geographies. With this expansion, Indian Bank marks a new milestone platform-led transformation with TCS.
As part of the collaboration, TCS will help Indian Bank modernize its overseas treasury operations across money markets, investment management, and foreign exchange. The transformation will enable Indian Bank's Colombo branch to move to a single, integrated treasury platform that supports unified deal processing, real-time position visibility, stronger risk and limit controls, and compliance-ready reporting. The Bank will be able to reduce manual intervention, improve straight-through processing, and strengthen audit and regulatory readiness through a single source of truth.
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