https://www.dekut.com/World_Business/it-spend-in-bfsi-vertical-is-expected-to-reach-usd-3-5-billion-by-fy-2014-study-by-zinnov-/ The Indian banking industry is returning to rapid growth after a slow growth phase during the economic downturn, with aggregate deposits and bank credit demonstrating linear growth. In addition, innovative products and platforms such as virtual debit cards and mobile banking, rapid geographic expansion plans, centre's focus on financial inclusion and the entry of foreign banks are spurring renewed investments in India by the BFSI sector. Read at 1888pressrelease.com. Thu, 14 Jun 2012 10:03:29 UTC en