TCS Financial Solutions said that Guangdong Provincial Rural Credit Cooperative Union (GDRCC), a Chinese government owned commercial bank, has selected TCS BaNCS Core Banking solution.

GDRCC selected TCS BaNCS Core Banking solution due to its highly scalable architecture, proven ability in the Chinese banking sector, complete coverage of the bank’s lines-of-business and ability to lower the total cost of ownership.

TCS BaNCS Core Banking solution was recently ranked China’s No. 1 Core Banking Solution for 2006 by Independent Research firm IDC, according to TCS. In addition, the latest International Banking Systems 2006 Sales League Table ranked TCS BaNCS Core Banking solution in the #1 position for private and retail banking.

Established in August 2005, GDRCC is a local rural commercial bank comprising of 7,022 branches and institutions. By the end of this June 2007, GDRCC had a deposit holding RMB 378,053 million, 14.1% of Guangdong Province’s financial institution deposit amount, 12.32% of China’s rural credit unions total deposit amount. The loan amount totaled RMB 246,043 million, 16.3% of Guangdong Province’s financial institution loan amount, 11.2% of China’s rural credit unions total loan amount.