Big banks are pouring billions into their sprawling Indian operations
by Jack Derwin · Australian Financial ReviewJack DerwinFinancial services reporter
Nov 2, 2026 – 5.00am
By rickshaw, the ANZ offices are four minutes away from Commonwealth Bank. Traffic permitting, a prospective employee could be interviewing at National Australia Bank before lunch.
This is Bengaluru, known as the Silicon Valley of India, increasingly a base for Australian banks as they cut costs by sending scores of positions overseas. The capital city of India’s southern Karnataka state, is home to more than 1000 support hubs, or as they are more commonly described by their multinational owners, global capability centres.
Loading...
Save
Log in or Subscribe to save article
Share
Copy link
Copied
Copy link
Copied
Share via...
Gift this article
Subscribe to gift this article
Gift articles to anyone you choose each month when you subscribe.
Already a subscriber? Login
Read More
Jack DerwinFinancial services reporterJack Derwin is a journalist based in The Australian Financial Review’s Sydney office covering banking and financial services. Reach Jack securely via Signal at Jack.19 or email him at jack.derwin@nine.com.au Email Jack at jack.derwin@nine.com.au
Latest In Financial services
Fetching latest articles