Trump’s H-1B visa fee hike to backfire? Wall Street banks set to rely more on Indian GCCs; may deepen presence in India

Sep 23, 2025 - 00:30
Trump’s H-1B visa fee hike to backfire? Wall Street banks set to rely more on Indian GCCs; may deepen presence in India

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Following the announcement of increased H-1B visa fees, Wall Street banks like Citigroup and JPMorgan Chase may expand their operations in India. Analysts suggest that these restrictions may incentivize banks to strengthen their presence in Indian technology centers, potentially shifting more jobs to India.

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