ALSO READOver 1 lakh SB accounts opened in TN: Airtel Payments Bank HDFC Bank launches its UPI on Chillr Cisco says jump in biz post note ban, opens 1st digital centre Ruchi Soya organizes awareness camps to induct farmers into 'Banking Digital Ecosystem' Digital transaction is policy of the country: Bedi
Analyst Take: The Indian banking sector has undergone a transformation. Banks are gradually lowering the number of branches and increasing capability in terms of their existing infrastructure, said Moutusi Sau, principal research analyst at Gartner. Despite effects of demonetization in the banking sector, banks will continue with digital transformation projects.
Analysis: Demonetization is the primary reason for the slowdown in the banking and securities market in India. But the effects will be short-lived. The slowing manufacturing sector is also having an indirect effect on the banking and securities sector.
IT services will grow the fastest at 13.8 percent in 2017 followed by software at 13.4 percent. Firms in the banking and securities industry are investing more in enterprise resource planning (ERP)/ supply chain management (SCM)/ customer relationship management (CRM) to upgrade their existing infrastructure.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)