Acer Eyes 25 In Banking Sector Biz In India

Driven by able acceptance by accessible banks, Taiwanese PC maker Acer expects revenues from the cyberbanking area to abound at 25 per cent this year.

Acer, which counts Canara Bank, State Coffer of India, ICICI Coffer and others as its clients, is seeing access in appeal for IT articles as coffer branches advance heavily on synchronisation and automation of operations.

“Banking, cyberbanking casework and allowance has been the fastest growing bazaar for us with an accepted advance amount of 25 per cent this year. In CY 2013, BFSI articulation grew at 20 per cent,” Acer India Chief Marketing Officer S Rajendran told PTI.

Currently, the arrangement of business from PSUs and clandestine area coffer stands at 80:20, he added.

BFSI contributes 15 per cent of Acer’s absolute revenue. Though the aggregation does not accommodate alienation of country-wise revenues, analysts called Acer’s India revenues to be about Rs 3,600 crore.

Acer Eyes 25 In Banking Sector Biz In India

“The aftermost 6-9 months accept apparent activating changes in the Indian BFSI sector, apprenticed by ample overarching charge for computerisation (as allowable by RBI) and cyberbanking admittance behavior amid added factors,” Rajendran said.

Acer is an ideal accomplice to advice banks as they attending at absolute annex automation, amplification and cyberbanking services, he added.

“Out the 26 banks that are currently present in the country, we accept won orders from 23 banks, testifying to Acer’s backbone in the absolute BFSI segment,” Rajendran said.

Acer, which provides desktops, servers, notebooks and now tablets as able-bodied to banks, ally with arrangement integrators like Infosys, TCS, CMS and CMC to bear these projects.

“Typically the BFSI projects are region-specific, wherein we accept won a ample per centage of the absolute order. The adjustment amount of anniversary of these projects is in the ambit of Rs 1-1.5 crore to Rs 40 crore,” he added.