TCS and Infosys have most exposure to US regional banks: JP Morgan
Sat, Mar 18, 2023 5:50 PM

TCS and Infosys have most exposure to US regional banks: JP Morgan

A Flip by Gaurav
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As per JP Morgan, top Indian IT corporations TCS and Infosys have the most exposure to regional banks in the US that are in financial distress. Regional banks in the US account for 2-3% of their revenue, and the exposure to the recently collapsed Silicon Valley Bank might be 10-20 basis points for TCS, Infosys, and smaller rival LTIMindtree, with the Tata group business, leading.

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