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Infosys Limited (0XSE.L)

LSE - LSE Delayed price. Currency in USD

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17.37

+0.29

(+1.70%)

At close: 04:57PM BST

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India's TCS, Infosys have highest exposure to U.S. regional banks - J.P.Morgan
Regional banks in the United States account for 2-3% of their revenue, J.P. Morgan said in a note, adding that the exposure to the recently collapsed Silicon Valley Bank could be 10-20 basis points for TCS, Infosys and smaller rival LTIMindtree, with the Tata group company in the lead. All three companies might need to set aside provisions in the fourth quarter due to their exposure to SVB, J.P. Morgan said in a note.