US banks are moving work to India to avoid a proposed $100,000 H-1B visa fee under a potential Trump policy.

US banks are shifting more work to India-based operations due to a proposed $100,000 H-1B visa fee under a potential Trump administration policy, which aims to limit foreign labor access. The fee, intended to restrict foreign workers in tech and finance, has prompted financial institutions to expand offshore capabilities in India, leveraging skilled, cost-effective talent. This move helps mitigate rising labor and compliance costs while maintaining service delivery. The trend reflects broader corporate adaptation to stricter immigration policies, accelerating investment in India’s digital infrastructure. While the policy raises concerns about the impact on US-India relations and skilled immigration, Indian hubs are expected to grow in importance for US financial operations.