Indian Banks To Spend Rs. 462 Bn On IT In 2014

Gartner says IT spending for Indian banking and securities firms to grow 9.8% in 2014 largely due to continued bank's expansion strategy.

October 21, 2013 / 11:30 IST

Indian banking and securities companies will spend 462 billion rupees on IT products and services in 2014, an increase of nearly 9.8 percent over 2013 revenue of 421 billion rupees, according to Gartner, Inc. This forecast includes spending by financial institutions on internal IT services (including personnel), IT services, software, datacentre technologies, devices and telecom services.Click here for full story

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first published: Oct 21, 2013 11:16 am

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