Orders14 Oct 2026 · Wed
TCSTata Consultancy Services (TCS)
TCS is chosen to run MyState's core banking after its merger with Auswide Bank
Australia's MyState selected TCS's BaNCS platform to consolidate its banking operations after merging with Auswide Bank. The value and duration were not disclosed.
Price, Wednesday's close₹2,304.90▲ 1.57%
Last 5 days
52-week low ₹1,976.8052-week high ₹3,350.00
- Sector
- IT services
What happened
- Australia's MyState Limited selected TCS to deploy its BaNCS Global Banking Platform to consolidate banking operations after MyState Bank's merger with Auswide Bank, according to HDFC Sky and Angel One.
- The platform will cover core banking, payments, customer engagement and relationship management, with workflow automation and API-based integration.
- Neither report gave a contract value or duration, and HDFC Sky said the companies did not disclose them.
- TCS shares closed at ₹2,304.90 on Kite data, up 1.57% from ₹2,269.30. HDFC Sky had them at ₹2,301.20, up 1.94%, at 1:43 PM and said the reports do not establish that the deal drove the move.
Why it matters
Good to know: Core banking is the system that holds customer accounts and processes deposits, loans and payments.
Key facts
- Client
- MyState Limited (Australia)
- Platform
- TCS BaNCS Global Banking Platform
- Contract value and term
- Not disclosed
Read the source
This is a summary of public news about Tata Consultancy Services (TCS), for information only. It is not a recommendation to buy, sell or hold TCS.
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