It would be the first implementation of the Quartz (which is available internationally) in India.

CUB will invest Rs 15 crore in information technology over the next two and a half years.

“It is a turnkey project. TCS will also assist the bank in setting up the hardware and system software, besides providing the core solution. CMC will partner with TCS in networking CUB branches,” said TCS’ chief executive officer S Ramadorai, at a press conference held here on Monday.

Apart from implementing the core banking solution, TCS will also implement eBankWorks (an Internet banking solution) and Almity, an asset and liability management solution.

Speaking at the press conference, CUB’s chairman V Narayanan said, “The implementation of Quartz will help increase our market share by bringing in more corporate customers. CUB plans to add 30 ATMs (Automated Teller Machines) in the next couple of years.”

Currently, TCS offers its IBSS core banking solution in the domestic market.

It is particularly popular with the public sector banks. The Quartz and IBSS offering will co-exist in the market, TCS officials indicated.