TCS rises on partnering with Bank of Bhutan to modernize digital core, enhance customer experience
Tata Consultancy Services is currently trading at Rs. 4320.35, up by 47.40 points or 1.11% from its previous closing of Rs. 4272.95 on the BSE.
The scrip opened at Rs. 4300.00 and has touched a high and low of Rs. 4325.50 and Rs. 4266.55 respectively. So far 18800 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4585.90 on 02-Sep-2024 and a 52 week low of Rs. 3499.00 on 04-Dec-2023.
Last one week high and low of the scrip stood at Rs. 4377.00 and Rs. 4196.00 respectively. The current market cap of the company is Rs. 1562290.19 crore.
The promoters holding in the company stood at 71.77%, while Institutions and Non-Institutions held 23.57% and 4.67% respectively.
Tata Consultancy Services (TCS) has entered into a strategic partnership with the Bank of Bhutan to modernize the bank’s digital core for enhanced customer service. TCS will implement its TCS BaNCS Global Banking Platform to help the bank optimize operations and seamlessly integrate with the various public services within the digital ecosystem of the country.
Bank of Bhutan, the largest commercial bank in Bhutan, has a database of over four hundred thousand customers serviced through 45 branches, with a broad range of financial products and services. TCS has been a technology partner for the bank since 2016, enabling its business growth. Building on this longstanding partnership, TCS will now deploy TCS BaNCS Global Banking Platform. The platform will give the bank access to an extensive set of components across the banking and payments sector such as customer deposits, loan management, retail services, trade finance, pricing, and other functions.
Built on an intelligent digital core, TCS’ solution will empower the bank to offer new, innovative products to the market quickly and ensure seamless customer experience. TCS BaNCS’ rich set of APIs will help the Bank connect to third-party applications in the financial services ecosystem and create a platform to meet future business demands.
TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses. TCS offers a consulting-led, cognitive powered, integrated portfolio of IT, business & technology services, and engineering.
