Enabling Reserve Bank of India to automate its Treasury Management Operations for transaction processing for managing Foreign Exchange Reserves. That’s certainty!
The Central Bank of the Republic of India, the Reserve Bank of India (RBI) began operations in 1935 and has stood at the centre of India’s financial system ever since. With a fundamental commitment to maintaining the nation’s monetary and financial stability, the Reserve Bank of India plays a crucial role in the Indian economy. It also manages the country’s foreign exchange reserves where safety, liquidity and return are of paramount importance. At the turn of the century, with growth in foreign exchange reserves, RBI felt the need for treasury management software and selected TCS BaNCS Treasury to automate its front-, mid- and back-office operations. Ever since, TCS BaNCS Treasury is being used by RBI for handling transactions related to its reserve management operations.
And of course, enabling RBI to experience certainty.
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