PSB consolidation may shrink IT firms' business

The country will be left with only 12 large public sector banks from 27 before, the government had announced earlier this year. For existing IT service providers, this not only shrinks the market in terms of the number of prospective clients, but also poses challenges with respect to scale as banks become larger. A reduction in the number of prospective customers will affect revenues.

from Tech-Economic Times https://ift.tt/2qGa2xL