Janata Sahakari Bank Pune (JSBL Pune), one of India’s leading urban co-operative banks, has selected the TCS BaNCS™ Global Banking Platform to modernise its core and digital banking landscape. The move is aimed at improving operational efficiency, accelerating product launches, strengthening regulatory compliance, and delivering a superior, omnichannel banking experience to customers.
Under the partnership, Tata Consultancy Services will deploy its flagship TCS BaNCS™ suite to create a modern, integrated, and scalable banking platform for Janata Sahakari Bank Pune. The transformation will enable seamless customer journeys across web, mobile, and branch channels, supported by a modernised core banking system and advanced digital capabilities.
Powered by the TCS BaNCS Global Banking Platform, JSBL Pune will undertake a comprehensive transformation covering core banking, payments, trade finance, and AML/KYC-related compliance functions. 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. The new platform will also help the bank comply with evolving regulatory and supervisory requirements issued by the Reserve Bank of India, including those related to credit risk management, digital banking, cybersecurity, and customer protection.
Founded on October 18, 1949, with a strong focus on social welfare and the co-operative movement in Pune, JSBL Pune has emerged as a prominent player in India’s urban co-operative banking sector, with a presence across multiple regions in the country. Like other urban co-operative banks, it offers a range of customer-centric financial services, including savings accounts, deposit products, credit facilities, and loans, along with digital services for individuals and local and semi-urban businesses. The bank has been actively leveraging digital technology to introduce new products and 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 enhanced digital ecosystem supported by TCS will enable features such as digital onboarding and self-service portals, streamlining account opening processes and improving turnaround times. The platform is expected to enhance service accuracy and speed, while providing customers access to innovative banking products. Its scalable, API-driven architecture will help the bank respond efficiently to changing market dynamics and evolving customer expectations.
In addition, JSBL Pune will be able to transition to fully digitised trade finance operations, benefiting from real-time processing, integrated risk management, and advanced compliance monitoring and reporting capabilities.
Available both on-premise and on the cloud, the TCS BaNCS Global Banking Platform enables banks and financial institutions to offer innovative products and personalised services throughout the customer lifecycle, across devices of their choice. Its future-ready digital core is designed to support the transformation of co-operative banks, allowing them to participate more actively in the broader financial ecosystem through a rich catalogue of APIs.
For nearly six decades, TCS has played a key role in India’s technology-led transformation, contributing to multiple nation-building initiatives, digital public infrastructure projects, and citizen-centric platforms. Banking and financial services institutions in India and globally rely on TCS solutions, with the company serving as a trusted partner to several government ministries. TCS solutions support millions of Indians through banking platforms and government programs aimed at financial inclusion, while also powering critical systems such as stock exchanges, passport services, health insurance, and pension platforms for defence personnel.
