Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at J.P.Morgan said on Friday.
have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at J.P.Morgan said on Friday.
"The collapse of SVB, Signature Bank and concerns of liquidity across U.S. and the European Union can further soften tech spends by banks over the short term in a year with slowing growth in bank tech budgets," J.P. Morgan, which has an "underweight" rating on the sector, said.
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