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Cosmos Bank to raise tech spends in FY25 to 9 pc of operating expenses

Cosmos Bank is aiming to increase spends on technology to up to 9 per cent of its operating expenses in 2024-25, from the present 7 per cent, a top company official said on Tuesday. The cooperative bank, which was impacted by a cyber attack in the recent past, has been spending 6-7 per cent of the operating expenses, or 10-12 per cent of profits in technology, its Chairman Milind Kale told reporters.

Latest News | Cosmos Bank to Raise Tech Spends in FY25 to 9 Pc of Operating Expenses

Get latest articles and stories on Latest News at LatestLY. Cosmos Bank is aiming to increase spends on technology to up to 9 per cent of its operating expenses in 2024-25, from the present 7 per cent, a top company official said on Tuesday. Latest News | Cosmos Bank to Raise Tech Spends in FY25 to 9 Pc of Operating Expenses.

GH Amin appointed Chairman of BoM of Cosmos Co-op Bank

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