Under the terms of the deal, SRCB is expected to implement the TCS BaNCS core banking service to manage activities across its business lines. The TCS BaNCS core banking offering is set to cover the organization’s core banking, deposits, loans, payments and card modules.
Founded in 2005, SRCB has established a business network of over 300 outlets and employs more than 5,000 staff.
In December 2010, German financial services provider Deutsche Bank has signed an agreement with TCS for the implementation of a new banking platform for its global transaction banking operations.
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