Banking software firms ride the Indian IT wave
IT spend in the global banking segment, estimated to be $7.1 billion today, is expected to cross the $50 billion mark by 2006. That’s phenomenal growth by any standard. But what about the Indian banking segment? And more importantly, does India’s software sector stand to gain? Stanley Glancy and Chitra Padmanabhan report on the plans and strategies of some of the key players in this burgeoning industry