23 Sep 2025 | 5 Mins Read
US Banks Consider India Outsourcing After Trump Visa Fee Hike
Flipitmoney
US banks may rely more on Indian business support centers due to Trump's $100,000 fee on new H-1B visa applications. Citigroup, JPMorgan, and Goldman Sachs employ over 70,000 staff in India's global capability centers, which offer low-cost services. The new rule could spur banks to deepen their presence in Indian tech hubs, with the market potentially reaching $110 billion by 2030.