Banking problems in the United States and Europe are expected to impede the expansion of Indian IT businesses | Business Outreach

Banking problems in the United States and Europe are expected to impede the expansion of Indian IT businesses

TCS, Infosys, Wipro, HCL Technologies, Mphasis, and LTIMindtree are among the Indian IT firms that have exposure to several of the ailing banks.

The industry will have difficulties in the medium to short term as a result of the impact on transaction flows.

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Q4 may not have an influence unless in the event of SVB.

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