TCS Share Price Hits 52-Week Low; Extends Partnership with Norway’s DNB Bank for 5 Years

Tata Consultancy Services (TCS) has been gaining attention on Friday. On February 28, 2025, TCS share price opened at ₹3,584.95, down from its previous close of ₹3,612.55. At 11:34 AM, the share price of TCS was trading at ₹3,477.85, down by 3.73% on the NSE. The stock price touched its 52-week low today at ₹3,457.00.

5-Year Extension with DNB Bank

TCS has extended its partnership with Norway’s largest financial services group, DNB Bank ASA, for an additional five years. The extension strengthens their longstanding collaboration and reaffirms TCS as DNB’s strategic technology partner.

Under this renewed agreement, TCS will continue supporting DNB’s digital modernisation journey while optimising cost efficiency. The IT giant will implement next-generation technologies, including AI and quantum computing, to enhance banking operations. Additionally, TCS will focus on strengthening DNB’s security infrastructure and developing new digital solutions.

A 12-Year Partnership Driving Growth

Over the past 12 years, TCS has played a crucial role in DNB’s digital transformation. It has contributed to key innovations, including the launch of DNB’s peer-to-peer mobile payment solution, securing the bank’s leadership in the competitive digital payments market.

Commenting on this partnership extension, the President of Banking & Financial Services at TCS, Shankar Narayanan, said, “We look forward to entering an exciting new chapter in our collaboration with DNB. We are always looking for new ways to equip DNB in their efforts to be Norway’s most innovative bank and we are pleased to be given the opportunity to continue to do so through the extended partnership.”

Elin Sandnes, Group EVP of Technology & Services, DNB, stated, “We are very pleased with the decision to continue our partnership with TCS for an additional five years. We already have a longstanding and proven relationship where TCS has helped enable some of our biggest transformations and innovations over the past twelve years. We look forward to seeing what we can achieve together in the future.”

Conclusion

TCS has also automated DNB’s operations using its Machine First™ Delivery Model, improving resilience, customer satisfaction, and efficiency. The company’s Sahyadri Park campus in Pune will continue to support DNB’s critical banking services. This partnership reinforces TCS’ global expertise in financial services technology and digital transformation.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.