Turkish Banks Score Highest on Innovation Across Europe

Key Innovation Trends Unveiled During a Seminar by Finacle From Infosys and EFMA

BANGALORE and LONDON, March 31, 2010 - Infosys Technologies Ltd unveiled the findings on trends and efforts on
innovation among banks in Turkey. Recently Infosys joined hands with European
Financial Management & Marketing Association (EFMA) and hosted a seminar to
deliberate with Turkish bankers on the findings of a survey on innovation in
banking across Europe.

Senior management from 89 banks in 26 countries across Europe
contributed to the research which brought out some interesting facts on
Turkey's leadership on Innovation in Retail Banking. 100% of the Turkish
banks in the survey believed that the importance of innovation was high for
both operational efficiency and future growth. In comparison, 75% and 82% of
banks across Europe pegged the importance of innovation for growth and
efficiency as high, respectively. Further, all the banks in Turkey believed
that the importance of IT for innovation is high though 83% of these banks
believe they are leaders in the use of IT for innovation. Across Europe, 90%
banks rated importance of IT for innovation high and only 32% believed they
are leaders in the use of IT for innovation. Innovation leadership featured
high on the list of business strategies for banks in the country although the
survey revealed that only 50% of banks in Turkey (as against only 37% of
banks across Europe) have a formal innovation strategy.

Patrick Desmares, Secretary General, EFMA, said, "In this time
of crisis, there is a danger that banks will allow other priorities to slow
down the pace of innovation, but this is precisely the time when innovation
can lay the platform for future growth and efficiency. Banks in Turkey are
well on the path to creating future growth and efficiency from innovation. "

According to Amit Dua, Associate Vice President and EMEA
Regional Manager - Finacle, Infosys Technologies Ltd, "Turkish banks have
clearly indicated a preference for innovation as a key enabler for their
business strategy and the importance of IT in fueling innovation. Finacle
from Infosys has been on the forefront of banking technology and is powering
some of the best run banks in the world on their innovation journey. We are
committed to employing our global capabilities and best practices to support
the innovation aspirations of banks in the country."

As a leader in banking transformation, Finacle(TM) has a
global footprint across 65 countries and has been acknowledged among the
leaders in the core banking solution space by top analysts including Gartner
and Forrester. Finacle(TM) is also the winner of a series of awards for its
innovation and implementation capabilities, the most notable ones being The
Banker Technology Award, The Asian Banker IT Implementation Award and The
Banking Technology Judge's Special Award for "Innovative Use of IT".

About Finacle(TM) Universal Banking Solution

Finacle from Infosys partners with banks to power-up their
innovation agenda, enabling them to differentiate their products and service,
enhance customer experience and achieve greater operational efficiency. This
proven and effective… framework for multi-disciplinary change, enables
banks to shift their strategic and operational priorities.

Finacle solutions address the core banking, e-banking, Islamic banking,
treasury, wealth management and CRM requirements of retail, corporate and
universal banks worldwide.

Several powerful and differentiating features make Finacle one of the most
comprehensive, flexible and scalable universal banking solution in its class.
These solutions when associated with Finacle services empower banks to
maximize their opportunities for growth, while minimizing the risks that come
with large-scale business transformation. For more information, visit
www.infosys.com/finacle

About Infosys Technologies Ltd

Infosys (NASDAQ: INFY) defines, designs and delivers
IT-enabled business solutions that help Global 2000 companies win in a Flat
World. These solutions focus on providing strategic differentiation and
operational superiority to clients. With Infosys, clients are assured of a
transparent business partner, world-class processes, speed of execution and
the power to stretch their IT budget by leveraging the Global Delivery Model
that Infosys pioneered. Infosys has over 104,000 employees in over 50 offices
worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow. For
more information, visit www.infosys.com.

Infosys Technologies Ltd - Safe Harbor

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forward-looking statements within the meaning of US Securities laws intended
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Reform Act. These forward-looking statements are subject to risks and
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may make additional written and oral forward-looking statements but do not
undertake, and disclaim any obligation, to update them.

    For more information please contact:

    Infosys Press Office - Bangalore
    Sujeet Pramanik
    Infosys Technologies Limited
    +91-80-4105-7551
    sujeet_pramanik@infosys.com

    Infosys Press Office - London
    Shamima Begum
    Golin Harris
    +44(0)20-7067-0469
    sbegum@golinharris.com

For more information please contact: Infosys Press Office - Bangalore, Sujeet Pramanik, Infosys Technologies Limited, +91-80-4105-7551, sujeet_pramanik at infosys.com; Infosys Press Office - London, Shamima Begum, Golin Harris, +44(0)20-7067-0469, sbegum at golinharris.com