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.

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