
Indian IT services majors emerge as key bidders for US Bancorp's GCCs

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Indian IT services majors like TCS, Wipro, Cognizant, and ANSR are key bidders for a mandate from US Bancorp to establish two global capability centers (GCCs) in India. The fifth-largest US bank plans to insource a significant portion of its technology work and is looking to build centers in Hyderabad and Chennai. The Hyderabad unit is expected to be wholly owned, while the Chennai facility may operate under a build-operate-transfer model.

