TCS bags Rs 178cr Bk of Maharashtra deal

 According to a release issued by TCS to the BSE today, the core banking solution used will be BANCS from Sydney-based Financial Network Solutions (FNS), a 100% subsidiary of the company.

S Ramadorai, CEO & managing director of TCS, said: "Bank of Maharashtra is embarking on a significant IT initiative to face emerging business challenges. We are pleased to partner with them in their efforts to leverage technology to build enhanced customer interfaces and better relationship management. Our investment in developing the TCS Core Banking Solution Centre of Excellence is helping us position our key strengths in an emphatic fashion, and has resulted in winning prestigious mandates."