Bank of Baroda's MD Debadatta Chand talks about the bank’s IT spend. #BobWorldApp #Q4WithNDTVProfit
Also read: https://bit.ly/3JZ5jMF
Also read: https://bit.ly/3JZ5jMF
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00:00 the banks, platform, infrastructure, architecture, governance.
00:04 Absolutely, we have the best in class in terms of all those.
00:07 But at the same point of time,
00:08 we're also mindful that there are
00:10 evolving areas of the technology where we need to onboard.
00:13 In terms of spend,
00:15 we're almost a significant amount of spend currently happening.
00:18 A couple of thousands crore now we're spending
00:20 on the IT side on an ongoing basis and willing to,
00:22 again, spend much higher in
00:25 terms of making the system much more robust than what it is now.
00:28 The areas of cybersecurity issues also we're very mindful,
00:31 which again, we're getting all guidances from everywhere.
00:34 As far as governance, architecture, infrastructure,
00:38 or rather I would believe that we'll try to be ahead of
00:40 the curve in terms of the industry as far as the IT spend,
00:44 on digital infrastructure, the robustness, everything is concerned.
00:47 [MUSIC]