Bank of Baroda, India's second-largest bank, has engaged Connecticut-based Gartner, Inc. to advise on its e-business strategy and oversee its global technology programme.
Gartner will advise Bank of Baroda on IT investments and, together, they will set the strategic direction for the bank over the next decade, says the company.
The bank awarded the engagement to Gartner after evaluating consulting firms worldwide.
"Technology is transforming the banking business, and the Bank of Baroda executives are eager to use Gartner's experience in managing IT investments and developing e-business strategies to help the bank succeed in the emerging global marketplace," says Michael Fleisher, Gartner CEO.
The bank anticipates investing approximately US$75 million on its e-business strategy over the next two to three years.