RBC Dexia Investor Services Chooses TCS BaNCS

LONDON and MUMBAI, India, Nov. 6 /PRNewswire-FirstCall/ -- TCS Financial Solutions, a strategic business unit of Tata Consultancy Services (TCS), (BSE: TCS.BO) , focused on providing business application solutions to the banking, insurance and capital markets industries, today announced that it is has been selected to develop a series of modules to enhance the global custody business of RBC Dexia Investor Services.

RBC Dexia is one of the world's leading providers of institutional investor services, with more than USD 2.6 trillion in client assets under administration and offices in 15 countries. RBC Dexia has chosen the proven TCS BaNCS platform, because of its flexibility, scalability and its capacity to handle anticipated growth in business volumes.

Rob Wright, Chief Operating Officer of RBC Dexia commented, "This initiative reinforces our ongoing commitment to provide our clients around the world with best-in-class, integrated solutions to meet their business needs. We are very pleased to be working with TCS Financial Solutions, a business unit well-known for developing technology solutions for the global financial community."

Mr. N. Ganapathy Subramaniam, President of TCS Financial Solutions said: "We are pleased to be working with RBC Dexia on the implementation of TCS BaNCS. This is a truly global initiative that will deliver extraordinary client experience through Straight-Through-Processing, customized reporting, interactive technologies and much more. TCS Financial Solutions will provide the same deployment certainty through its proven Global Network Delivery Model(TM) that our other clients are experiencing across the globe."

About TCS Financial Solutions

TCS Financial Solutions is a strategic business unit of Tata Consultancy Services. Dedicated to providing business application solutions to financial institutions globally, TCS Financial Solutions has compiled a comprehensive product portfolio under the brand name TCS BaNCS. Our mission is to provide best-of-breed solutions that will drive growth, reduce costs, mitigate risk and offer a faster speed to market for our clients. With a global customer base in excess of 200 institutions operating in over 80 countries, TCS Financial Solutions delivers state-of-the-art software solutions for the banking, insurance and capital markets industries worldwide.

About Tata Consultancy Services Ltd (TCS)

Tata Consultancy Services is an IT services, business solutions and outsourcing organization that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model(TM), and recognized as a benchmark of excellence in software development.

A part of the Tata Group, India's largest industrial conglomerate, TCS has over 100,000 of the world's best trained IT consultants in 47 countries. The company generated consolidated revenues of US $4.3 billion for fiscal year ended 31 March 2007 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at http://www.tcs.com.