ICICI Bank ties-up with Tata Consultancy Services for digital certificate issuance
June 7, 2005

ICICI Bank, the largest private sector bank in India, has entered into a strategic agreement with Tata Consultancy Services (TCS), a leading global IT services organisation, for digital certificate issuance. As part of the initiative, TCS will provide a comprehensive range of PKI services and digital certificates for ICICI Bank, and enable the bank, as a sub-certifying authority, to provide digital certificates to its clients. Through this initiative, TCS, which is only player to offer both digital certification and PKI services, will enhance its leadership position in the domestic banking and financial markets.

Speaking on the initiative, Dr M Vidyasagar, executive vice president, TCS, said, “With ICICI Bank joining the TCS-CA Trust Network as a sub-certifying authority, they will be able to issue certificates to their customers thereby enabling secure Internet banking. This marks yet another significant milestone for TCS’ PKI services and CA not only in terms of acquiring a very important customer but also in expanding the reach of our internet security offerings to major corporations.”
Explaining the significance of the deal to ICICI Bank, Madhabi Puri-Buch, senior general manager, Product & Technology Group, ICICI Bank, said, “ICICI Bank is pleased to partner with TCS to use cutting edge technology to enhance the value proposition to our clients. With the digital certification and signature, our clients can conduct their business with a higher level of security and greater convenience.”

Apart from complete deployment and customisation of the offering for ICICI Bank, TCS will also train ICICI Bank officials on PKI technology and related operations. The partnership shall provide ICICI Bank yet another important advantage in its innovation-led banking.

TCS is a licensed certifying authority (CA) and is authorised by the Controller of Certifying Authorities (CCA), Government of India, to issue legally valid digital certificates. Through its Trust Network, TCS-CA provides PKI services to individuals, companies and government organisations. Apart from ICICI Bank, other members of the Trust Network include the Bombay Stock Exchange (BSE), the Institute of Chartered Accountants of India (ICAI), the Chhattisgarh Infotech and Biotech Promotion Society (CHiPS) and Kandla Special Economic Zone. Through its Trust Network, TCS-CA provides PKI Services to individuals, companies and government organisations.