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Our Bureau

Chennai , Oct. 25

INDIAN Bank has appointed Tata Consultancy Services as its technology partner to implement a core banking solution (CBS) in the bank. TCS will implement the CBS (an integrated, enterprise-wide platform for all banking requirements) from the Sydney-based Financial Network Services, trade finance software from China Systems and customer relationship solution from PeopleSoft, says a TCS press release.

The project covers 500 branches of the bank's network (including overseas branches), over 17 million customers spanning across loans, deposits, branch automation and cards.

The CBS implementation will complement the bank's centenary programme target of automating 100 per cent of its branches in 2007, and 10 pilot branches will be operational in eight months.

TCS will be involved in system integration, including networking and data centre set up, the press release said.

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