HDFC Bank could double technology spends: Macquarie Capital

“Currently technology spends as a % of opex is around 8-9%, this in our view, will double to 18-20% if management is going to significantly increase investments and is in line with some global peers,” said Suresh Ganapathy, associate director, Macquarie Capital. “Cost/Income ratio may go up from current 36% to 39-40%.”

from Banking/Finance-Industry-Economic Times https://ift.tt/3DLZiOT