Indian Banking To Spend Rs. 416 Bn On IT In 2013: Gartner

This forecast includes spending by financial institutions on internal IT (including personnel), hardware, software, external IT services and telecommunications.

January 29, 2013 / 13:05 IST

Indian banking & securities companies will spend 416 billion rupees on IT products and services in 2013, an increase of more than 12 percent over 2012 revenue of 370 billion rupees, according to Gartner, Inc. This forecast includes spending by financial institutions on internal IT (including personnel), hardware, software, external IT services and telecommunications.

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first published: Jan 29, 2013 12:51 pm

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