After HDFC Bank and SBI faced glitches in their IT infrastructure recently, Ajay Srivastava, chief executive officer of Dimensions Corporate Finance Services, on Friday said large banks are better placed to invest in upgrading technology.
In an interview to CNBC-TV18, Srivastava said it is a bit difficult for smaller banks to cope up with technology aspect, "Smaller banks will have to get capital and earmark it for the technology. Otherwise, they might face the wrath of customers."
On stock specific, Srivastava said, "Market gives you a chance and every stock comes down for some point of time for you to buy. Investors should be patient to know that they will get a chance to buy their stocks, but they must have their list ready and keep disciplined."
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