Enabling HDFC Bank Treasury to boost profitability. That’s certainty!
Established in 1994, HDFC Bank is a leading scheduled-commercial private sector Indian bank that has a nationwide network of 1,986 branches and 5,471 ATMs in 996 Indian towns and cities, along with branches in Hong Kong and Bahrain. In the recent years, HDFC Bank achieved rapid growth that brought about the need for a secure, integrated, transparent treasury system, capable of managing multiple-asset-classes on a single platform. Tata Consultancy Services leveraged its TCS BaNCS Treasury solution to perform bulk of the bank’s treasury operations, replacing the operations of six other systems of the bank. As one of the world’s fastest growing technology and business solutions providers, TCS BaNCS enabled HDFC Bank to significantly increase transaction volumes with a net reduction in manpower deployment. Resulting in direct reduction of costs and recognizable improvements in the bank’s treasury profitability. And of course, enabling HDFC Bank Treasury to experience certainty.
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