BSECompany Update1d ago · 19 Oct 2026, 11:30 am
Press Release - TCS BaNCS for Treasury marks its entry into Sri Lanka with Indian Bank
Tata Consultancy Services Ltd · 532540
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Tata Consultancy Services Ltd (TCS) announced the expansion of its partnership with Indian Bank to deploy TCS BaNCS for Treasury at Indian Bank's Colombo branch in Sri Lanka, marking the entry of TCS BaNCS for Treasury in the country. The platform will help Indian Bank strengthen real-time risk visibility, improve straight-through processing, and build a scalable foundation for future growth.
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Tata Consultancy Services Ltd - 532540 - Press Release - TCS Bancs For Treasury Marks Its Entry Into Sri Lanka With Indian Bank
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TCS/PR/SE/35/2026-27
October 19, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, C-1, Block G, P. J. Towers,
Bandra Kurla Complex, Bandra (East) Dalal Street,
Mumbai - 400051 Mumbai - 400001
Symbol - TCS Scrip Code No. - 532540
Dear Sirs,
Sub: Press Release
We are sending herewith copy of the Press Release titled “TCS BaNCS for Treasury
marks its entry into Sri Lanka with Indian Bank” which will be disseminated shortly.
The Press release is self-explanatory.
Thanking you,
Yours faithfully,
For Tata Consultancy Services Limited
Yashaswin Sheth
Company Secretary
ACS 15388
Encl: as above
9th Floor Nirmal Building Nariman Point Mumbai 400 021
Tel 91 22 6778 9595 Fax 91 22 6630 3672 e-mail corporate.office@tcs.com website www.tcs.com
Registered Office 9th Floor Nirmal Building Nariman Point Mumbai 400 021
Corporate Identity No. (CIN): L22210MH1995PLC084781
TCS BaNCS for Treasury marks its entry into Sri Lanka with Indian
Bank
The integrated treasury platform will help Indian Bank’s Colombo branch strengthen real-time risk
visibility, improve straight-through processing, and build a scalable foundation for future growth
COLOMBO| MUMBAI, October 19, 2026: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a
global leader in IT services, consulting, and business solutions, 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.
S Viswanathan, CEO, Indian Bank, Sri Lanka Operations, said, “As our treasury operations in Sri Lanka
evolve, we need a platform that can support growth with greater control, transparency and operational
agility. We are happy that we have chosen TCS BaNCS for Treasury which has already proven its
capability for Indian Bank’s India and GIFT City operations. The platform provides us with a modern
foundation to address evolving banking requirements. We look forward to working with TCS as we
continue to build a more resilient and scalable treasury operation.”
Venkateshwaran Srinivasan, Global Head, Financial Solutions, Tata Consultancy Services, said,
“Treasury transformation today is about more than automation—it is about enabling banks to operate
with speed, insight, and confidence in dynamic market environments. With TCS BaNCS for Treasury, we
are proud to support Indian Bank’s overseas business in Sri Lanka with a solution that brings together
deep treasury functionality, operational resilience, and regulatory confidence. This partnership reflects
TCS’ commitment to helping financial institutions modernize core operations and build future-ready
platforms for growth.”
With seamless deployment and continued maintenance, TCS will help the bank accelerate time-to-value
while ensuring smooth integration with its existing systems and international market infrastructure.
For the Bank’s Colombo branch, the platform will provide greater control over foreign exchange and
market risk exposures, faster deal execution and settlement cycles, and improved regulatory reporting.
It will also support strategic decision-making by giving treasury teams a consolidated view of positions,
limits, liquidity, and exposures across instruments and currencies.
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About Tata Consultancy Services Ltd (TCS)
Tata Consultancy Services (BSE: 532540, NSE: TCS) is the technology partner of choice for industry-leading
organizations worldwide. Since its inception in 1968, TCS has upheld the highest standards of innovation,
engineering excellence and customer service.
It has set an aspiration to become the world's largest AI-led technology services company and is enabling its
clients to transform themselves across the full AI stack, from infrastructure to intelligence.
Rooted in the heritage of the Tata Group, TCS is focused on creating long term value for its clients, its
investors, its employees, and the community at large. With a highly skilled workforce spread across 56
countries and 194 service delivery centers across the world, the company has been recognized as a top
employer in six continents. With the ability to rapidly apply and scale new technologies, the company has
built long term partnerships with its clients. Many of these relationships have endured into decades and
navigated every technology cycle, from mainframes in the 1970s to artificial intelligence today.
TCS sponsors 14 of the world’s most prestigious marathons and endurance events, including the TCS New
York City Marathon, TCS London Marathon, Tata Mumbai Marathon, and TCS Sydney Marathon with a focus
on promoting health, sustainability, and community empowerment.
TCS generated consolidated revenues of over US $30 billion in the fiscal year ended March 31, 2026. For
more information, visit www.tcs.com.
Follow TCS on LinkedIn| Instagram | YouTube| X
TCS media contacts:
Corporate Communications & Email: corporate.communications@tcs.com
India
Email: santosh.castelino@tcs.com
Email: rhea.mistry@tcs.com
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