Tata Consultancy Services’ (TCS) long-standing partnership with State Bank of India (SBI) has been extended for another five years as the bank embarks on its next leg of growth based on the three pillars of technology, resilience and people.
As part of the new contract, the company will continue to maintain and enhance SBI’s application estate around core banking, trade finance, financial reporting, and financial inclusion with new features and functionality. This will support the bank’s ability to launch newer offerings and respond to business and regulatory changes. The extended partnership builds on a two decades long relationship between the two partners that began with the implementation of the TCS BaNCS core banking solution in 2001, the largest such transformational program of that era.
TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.
