TCS’ long-standing partnership with SBI extended for another 5 years

Tata Consultancy Services (TCS) has announced that its long-standing partnership with State Bank of India (SBI), India’s largest bank, 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.

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. As part of the new contract, TCS 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.