Janata Sahakari Bank Pune Taps TCS BaNCS for End-to-End Core and Digital Banking Transformation

Janata Sahakari Bank Pune (JSBL Pune) has selected the TCS BaNCS™ Global Banking Platform to modernise its core and digital banking operations as part of a strategic push to improve efficiency, scalability, and customer experience. The initiative marks a major step in the bank’s digital transformation journey, aimed at building a future-ready, integrated banking ecosystem.

Tata Consultancy Services will deploy its award-winning TCS BaNCS™ suite to enable a seamless omnichannel experience for JSBL Pune customers across digital and physical touchpoints, including web, mobile, and branch channels. The platform’s modernised core and digital capabilities will support faster time to market, improved service delivery, and enhanced operational agility.

Through the TCS BaNCS Global Banking Platform, JSBL Pune will implement a comprehensive new-age banking solution covering core banking, payments, trade finance, and AML/KYC compliance functions. The transformation is expected to help the bank accelerate growth, strengthen credit quality and risk management frameworks, and improve overall enterprise performance, while expanding its market footprint.

The platform will also support JSBL Pune in meeting evolving regulatory requirements issued by the Reserve Bank of India, particularly in areas such as credit risk governance, digital banking norms, cybersecurity standards, and customer protection guidelines.

Established on October 18, 1949, with a strong focus on social welfare and the co-operative movement in Pune, JSBL Pune has grown into one of the leading urban co-operative banks in India, with a wide national presence. The bank offers a range of customer-centric services, including savings and deposit products, credit facilities, loans, and digital banking solutions for individuals and local and semi-urban businesses.

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 will enable digital onboarding, self-service portals, and streamlined account opening processes. It will also improve service accuracy, processing speed, and access to innovative banking products. Scalable API-driven architecture will allow the bank to respond effectively to evolving market demands.

Additionally, JSBL Pune will transition to digitised trade finance operations with real-time processing, integrated risk management, and advanced compliance monitoring and reporting capabilities.