Maharashtra-based, Sangli-headquartered Rajarambapu Sahakari Bank (RSB), a digitally progressive urban co-operative bank, has taken a major step in its technology-led growth journey by selecting TCS BaNCS™ for Treasury to automate and modernise its treasury operations.
The integrated platform will enable efficient management of investments, money market instruments, and repo and reverse repo transactions, while strengthening risk management and regulatory compliance.
Speaking to Indian Cooperative, RSB Chairman Vijay Yadav said the bank has been associated with Tata Consultancy Services (TCS) since 2020, and the latest move marks a significant expansion of that long-standing partnership.
“While TCS has been our technology partner for core banking operations for several years, we have now extended the collaboration to cover treasury operations as well. A few other urban co-operative banks are also associated with TCS for similar solutions. At present, the treasury platform is in the trial phase and is expected to go live within the next couple of months,” he added.
RSB has already implemented the TCS BaNCS Global Banking Platform across its 50 branches, enabling real-time banking operations. With the deployment of TCS BaNCS for Treasury, the bank aims to reduce manual intervention, enhance straight-through processing (STP), and expand its treasury portfolio to include new asset classes such as corporate bonds and debentures.
With a strong focus on semi-urban and rural communities, Rajarambapu Sahakari Bank continues to leverage advanced digital solutions to improve liquidity management, enhance transparency, and support inclusive economic growth at the grassroots level.
The bank has a business mix of over Rs 4,500 crore.