Janata Sahakari Bank Pune taps TCS BaNCS to modernise core, digital banking

Janata Sahakari Bank, a cooperative bank based in Pune,  has selected the TCS BaNCS Global Banking Platform to modernise its core and digital banking landscape, signalling a broader push by mid-sized and cooperative banks to upgrade legacy technology stacks amid rising regulatory and customer expectations.

Under the engagement, Tata Consultancy Services (TCS) will help JSBL build a seamless, omnichannel banking experience across web, mobile and offline touchpoints, powered by a modernised core and digital architecture. The transformation is expected to improve operational efficiency, strengthen risk and compliance capabilities, and deliver a more consistent, real-time experience for customers.

Empowered by the TCS BaNCS Global Banking Platform, JSBL will transition to a new-age core and digital banking solution covering core banking, payments, trade finance, and AML/KYC-related compliance capabilities. The bank aims to accelerate growth, enhance omnichannel customer engagement, and expand its market footprint, while also improving enterprise performance, credit quality and risk controls.

A key focus of the programme is regulatory readiness. The new platform will help JSBL align with evolving guidelines from the Reserve Bank of India (RBI) across areas such as credit risk management, digital banking, cybersecurity, AML/KYC compliance and customer protection. By embedding compliance and risk management into its core systems, the bank expects to improve resilience while reducing operational and regulatory risk.

The JSBL deal adds to a series of relatively smaller but strategically important banking transformation engagements that TCS BaNCS has secured in recent quarters, particularly among cooperative banks, regional lenders and niche financial institutions. These deals, while not individually large in value, underscore steady demand for core modernisation, digital channels, payments and compliance solutions as banks look to replace ageing systems and support digital-first business models.

The momentum is also reflected in TCS’ financial performance. In the third quarter of FY25, TCS reported steady growth in its banking, financial services and insurance (BFSI) vertical, supported by continued deal wins in core banking modernisation, cloud-led transformation and regulatory technology. Management has highlighted that while discretionary spending remains selective, banks are prioritising investments in core systems, digital platforms and risk and compliance—areas where platforms such as BaNCS continue to see traction.