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05 22nd, 2009| 
Top Australian banks Westpac and Commonwealth Bank plan to curb offshoring of back office and IT projects to India
Westpac, is Australia’s biggest bank by market value, is evaluating outsourcing vendors for a contract estimated to be anywhere between $200 & 300 million. Actually Westpac is being advised by Booze Allen Hamilton and McKinsey on restructuring of operational and IT systems, and outsourcing of activities such as backoffice work, application maintenance and development is a part of the exercise.
Read this news in businessweek.com
