National Australia Bank has decided to suspend future work with Indian outsourcer Satyam.
Qantas, Australia and New Zealand Banking Group and Suncorp-Metway yesterday said they were keeping a close watch on the situation, but had no immediate intention of following NAB's lead in suspending work with troubled IT outsourcer Satyam.
Telstra has reportedly dropped an IT outsourcing contract with Satyam, the second major Australian company to do so since the disgraced Indian outsourcer's accounting scandal came to light.
National Australia Bank has dismissed as "incorrect" rumours that technology services giant Accenture was making a pitch to replace disgraced Indian competitor Satyam in the bank's operations.
Rumours have flown for years that AMP plans to buy IT outsourcer Kaz Computer Services, but now the opposite looks likely to occur.
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