Denmark-based Danske Bank is reportedly set to start its own captive technology centre in India.
The centre, which is expected to start operation in the second half of the next year, will be called Danske IT.
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To begin with, the centre would employ around 1,000 people, sources privy to this development told Business Standard.
The move to establish direct presence for technology back office operations in India is said to be in line with the strategy that Jim Ditmore, the new chief operating officer (COO) and group head for IT and services has laid out for the bank, the publication quoted sources as saying.
To head its technology operations in India, the Danish lender has hired Pankaj Gupta, the global IT head of retail banking and wealth management at HSBC, with effect from 1 December 2014.
Danske Bank has confirmed the development.
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