Vedant Shetty retweetledi

Nuanced take @amoldethe
Indian banks also don't spend enough on tech, Nearly a third of the global average of 350 - 400 bps on topline. beyond the large tech companies that have the ability to extract, there is a large platoon of tech providers who get paid peanuts and as they say when you throw peanuts you get monkeys.
I also think its more structural than intent, everyone from the person running an RFP or procurement process all the way to the CEO negotiates or caps how much the bank pays for a service causing misaligned incentives.
bfsi.economictimes.indiatimes.com/news/editors-v…

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