Tech arm of world banks driven extra work to India in FY18

BENGALURU: Indian generation fingers of large worldwide banks of Citigroup, Goldman, and Wells Fargo grew sales exceeding 20% in FY18, and headcount rose as they persevered to shift work in-residence. The slowest increase was at Fidelity’s tech arm at nine%; the highest growth became published by way of UBS’ tech arm at sixty-three %, regulatory filings sourced from commercial enterprise intelligence platform Tofler showed. Indian IT companies have struggled to develop banking and financial offerings sales, their largest bus source.

India said a nearly 28% increase in sales from operations to Rs 2,744 crore.


BA Continuum India, Bank of America’s tech arm, stated a close to 15% increase in sales to Rs three 651 crores from operations. Morgan Stanley Advantage Services said an over 17% jump in revenue and earnings to at least one,729 crores in FY18. Even EuTogetherarclays and Societe Generale reported even European banks d a12% and 23% bounce in sales.


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