it services banking crises: ETtech Opinion | IT services: how to succeed beyond the banking crises
2008 – The subprime crisis breaks in the US with the demise of Lehman Brothers and later in that financial year, an industry icon, Satyam, collapses. Both these events could have taken down less resilient industries and companies or at least led to a temporary decline in fortunes. As chairman of Nasscom that year, it was my task to boldly predict that the industry would weather the storm and still grow, and grow we did, albeit in single digits.This year, we have seen the sudden decline of Silicon Valley Bank (SVB) and the…