Janata Sahakari Bank Pune (JSBL Pune) has announced the selection of the TCS BaNCS™ Global Banking Platform to modernise its core and digital banking infrastructure, as the bank looks to enhance operational efficiency, regulatory compliance, and customer experience.
As part of the engagement, Tata Consultancy Services will deploy its TCS BaNCS™ solution to deliver a unified, omnichannel banking experience across web, mobile, and offline channels. The modernised platform will support faster product innovation, improved scalability, and a stronger digital ecosystem for the bank.
JSBL Pune will leverage the TCS BaNCS Global Banking Platform to implement a comprehensive transformation encompassing core banking, payments, trade finance, and AML/KYC compliance. The initiative is expected to support business growth, enhance omnichannel customer engagement, and strengthen risk controls, credit quality, and enterprise-wide performance.
The platform will also enable the bank to align with evolving Reserve Bank of India regulations across areas such as digital banking, cybersecurity, credit risk management, and customer protection, ensuring sustained compliance in a rapidly changing regulatory environment.
Founded in 1949 with a strong social welfare ethos, JSBL Pune has established itself as a leading urban co-operative bank with a wide footprint across India. The bank provides savings accounts, deposit services, loans, credit facilities, and digital banking offerings to individuals and small and semi-urban businesses, while continuously adopting technology to improve service delivery.
Jagdish P. Kashyap, CEO, JSBL Pune, said, “At Janata Sahakari Bank, our commitment has always been to deliver superior banking experiences to our customers, while serving their specific financial needs. By partnering with TCS BaNCS for our digital core transformation, we are taking a significant step forward in providing seamless, innovative, and customer-centric banking services. This transformation will empower our customers with faster, more intuitive digital solutions, ensuring that their needs remain at the heart of everything we do.”
Venkateshwaran Srinivasan, Global Head, Financial Solutions, TCS, said, “We are delighted at this partnership with Janata Sahakari Bank and extend our commitment to providing modern and secure banking solutions to the urban co-operative banking sector in India. We are happy to bring to JSB a future ready solution which incorporates some of the unique needs of this segment while also bringing in the best global practices and processes to help enhance JSBL’s position in the market with respect to customer experience, regulatory compliance and product innovation.”
The upgraded ecosystem will support digital onboarding, self-service portals, and faster account opening, while improving accuracy and service turnaround times. API-driven scalability will help JSBL Pune adapt quickly to changing customer needs and market conditions.
The bank will also benefit from digitised trade finance operations with real-time processing, integrated risk management, and advanced compliance monitoring and reporting frameworks.
