Indian banks are stars say HP

The technology giant says Indian banks are the regional leaders in tech terms.

Indian banks are at the technological leading edge in the region, according to Hewlett Packard. That is because some of India's newer banks started later and thus have fewer legacy systems to deal with.

Top of the class according to HP are banks like HDFC Bank and ICICI Bank. Banks like HDFC Bank and ICICI Bank started later and they've thus started off with a good adaptive enterprise, says Mike Stephens , the Asian general manager of Hewlett Packard's financial services industry division.

Both banks have adopted open systems for their core functions. Therefore, they've been able to scale out very quickly. Look at how quickly they've...

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