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The integrated treasury platform will help Indian Bank’s Colombo branch strengthen real-time risk visibility, improve straight-through processing, and build a scalable foundation for future growth
PRESS RELEASE
COLOMBO | MUMBAI, October 19, 2026: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global leader in IT services, consulting, and business solutions, has announced an expansion of its long-standing partnership with Indian Bank, to deploy TCS BaNCS for Treasury at its Colombo branch in Sri Lanka, making the entry of TCS BaNCS for Treasury in the country.
Following the successful deployment of TCS BaNCS for Treasury across Indian Bank's operations in India and at GIFT City in Gujarat, the platform is now being extended to the Bank's Colombo branch, reinforcing a unified approach to treasury operations across geographies. With this expansion, Indian Bank marks a new milestone platform-led transformation with TCS.
As part of the collaboration, TCS will help Indian Bank modernize its overseas treasury operations across money markets, investment management, and foreign exchange. The transformation will enable Indian Bank’s Colombo branch to move to a single, integrated treasury platform that supports unified deal processing, real-time position visibility, stronger risk and limit controls, and compliance-ready reporting. The Bank will be able to reduce manual intervention, improve straight-through processing, and strengthen audit and regulatory readiness through a single source of truth.
S Viswanathan, CEO, Indian Bank, Sri Lanka Operations, said, “As our treasury operations in Sri Lanka evolve, we need a platform that can support growth with greater control, transparency and operational agility. We are happy that we have chosen TCS BaNCS for Treasury which has already proven its capability for Indian Bank’s India and GIFT City operations. The platform provides us with a modern foundation to address evolving banking requirements. We look forward to working with TCS as we continue to build a more resilient and scalable treasury operation.”
Venkateshwaran Srinivasan, Global Head, Financial Solutions, Tata Consultancy Services, said, “Treasury transformation today is about more than automation—it is about enabling banks to operate with speed, insight, and confidence in dynamic market environments. With TCS BaNCS for Treasury, we are proud to support Indian Bank’s overseas business in Sri Lanka with a solution that brings together deep treasury functionality, operational resilience, and regulatory confidence. This partnership reflects TCS’ commitment to helping financial institutions modernize core operations and build future-ready platforms for growth.”
With seamless deployment and continued maintenance, TCS will help the bank accelerate time-to-value while ensuring smooth integration with its existing systems and international market infrastructure.
For the Bank’s Colombo branch, the platform will provide greater control over foreign exchange and market risk exposures, faster deal execution and settlement cycles, and improved regulatory reporting. It will also support strategic decision-making by giving treasury teams a consolidated view of positions, limits, liquidity, and exposures across instruments and currencies.
Tata Consultancy Services (BSE: 532540, NSE: TCS) is the technology partner of choice for industry-leading organizations worldwide. Since its inception in 1968, TCS has upheld the highest standards of innovation, engineering excellence, and customer service.
It has set an aspiration to become the world's largest AI-led technology services company and is enabling its clients to transform themselves across the full AI stack, from infrastructure to intelligence.
Rooted in the heritage of the Tata Group, TCS is focused on creating long term value for its clients, its investors, its employees, and the community at large. With a highly skilled workforce spread across 56 countries and 194 service delivery centers across the world, the company has been recognized as a top employer in six continents. With the ability to rapidly apply and scale new technologies, the company has built long-term partnerships with its clients. Many of these relationships have endured into decades and navigated every technology cycle, from mainframes in the 1970s to artificial intelligence today.
TCS sponsors 14 of the world’s most prestigious marathons and endurance events, including the TCS New York City Marathon, TCS London Marathon, Tata Mumbai Marathon, and TCS Sydney Marathon with a focus on promoting health, sustainability, and community empowerment.
TCS generated consolidated revenues of over US $30 billion in the fiscal year ended March 31, 2026. For more information, visit www.tcs.com
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