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TCS rises on launching transformative Digital Bank Guarantee platform in Israel

09 Dec 2020 Evaluate

Tata Consultancy Services is currently trading at Rs. 2833.45, up by 37.05 points or 1.32% from its previous closing of Rs. 2796.40 on the BSE.

The scrip opened at Rs. 2818.00 and has touched a high and low of Rs. 2840.00 and Rs. 2810.00 respectively. So far 25753 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2885.00 on 08-Oct-2020 and a 52 week low of Rs. 1504.40 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 2840.00 and Rs. 2700.00 respectively. The current market cap of the company is Rs. 1049316.86 crore.

The promoters holding in the company stood at 72.05 % while Institutions and Non-Institutions held 23.85 % and 4.03 % respectively.

Tata Consultancy Services (TCS) has launched a new transformative Digital Bank Guarantee platform, powered by the Quartz Blockchain solution, as part of the Banking Service Bureau (BSB), operated by TCS for the digital banking industry in Israel. Bank Hapoalim, Israel’s largest bank that currently manages more than 30% of the total bank guarantees in the country, has signed up as the anchor customer for the platform.

The company’s Digital Bank Guarantee SaaS platform runs on Microsoft Azure and helps banks digitally transform the end-to-end lifecycle of guarantees, including issuance, modification, termination, and invocation. Support for open APIs defined by various beneficiaries – such as government entities, corporates, SMEs and individuals - enables seamless sharing of data with them, eliminating the need for separate individual interfaces. The use of hyper-automation will help banks improve speed of execution, reduce fraud and manual errors, and enhance transparency, security, and data privacy.

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.

TCS Share Price

2581.65 4.55 (0.18%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
TCS 2581.65
Infosys 1318.60
HCL Tech. 1442.50
Wipro 204.35
Tech Mahindra 1511.85
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