Can IT Look beyond BFSI? US Banking Crisis Threatened to Create a Domino | In the News

According to Aaditya Jain, Vice President-BFSI tech services practice at Everest Group, “High-interest rates and margin pressures have pushed BFSI firms to focus on portfolio profitability and drive drastic rationalization efforts – vendor rationalization, workforce rationalization, product rationalization, IT application and infrastructure estate rationalization, etc.”

Therefore, BFSI firms are likely to take a cautious approach to technology spending, resulting in another quarter of softness in demand, but the structural demand outlook remains strong.

Read more in Business Standard.

How can we engage?

Please let us know how we can help you on your journey.

Contact Us

"*" indicates required fields

Please review our Privacy Notice and check the box below to consent to the use of Personal Data that you provide.