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Economy News

The Economic Times

Economy / The Economic Times

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Inside Indias biggest banking and financial services tech hubs

Standard Chartered plans to cut over 7,000 jobs in four years, replacing human capital with technology, particularly impacting back-office roles in India. This move aligns with a broader trend of financial firms leveraging AI and tech hubs in India for both support and higher-value functions, though some, like Wells Fargo, are also consolidating operations.

20 May 2026 4:29 pm