IT companies have Enormous biz scope in India: Prasad

Indian digital economy is going to touch USD one trillion in next five years, giving enormous business scope for the IT industry, with initiatives on good governance and faster delivery driving domestic demand, Union Minister Ravi Shankar Prasad said. On standalone basis, the bank reported a marginal 2.3 per cent rise in net profit at Rs 3,102 crore for the second quarter as compared to Rs 3,030 crore.