TCS to implement RBI’s information and management system for 310 cr

IT major Tata Consultancy Services will implement Reserve Bank’s a centralised information and management system (CIMS) for seamless data collection and validations at a cost of Rs 310.52 crore.

TCS pipped other IT majors like IBM India, Infosys, Larsen & Toubro Infotech to get the key project of the central bank.

The project has to be completed within a year of the commencement of the contract with the RBI.

The RBI had invited of expression of interest (EOI) in July 2018 for identification of solution provider for implementation of CIMS by overhauling the data warehouse (DW) of the apex bank.