NIFTY 50

Large banks better placed to invest in upgrading technology, says Dimensions' Ajay Srivastava

Updated : December 04, 2020 04:49 PM IST

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."

Watch this video for more.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you