Quality has degraded significantly.
Tribal knowledge has been eliminated - these india folks cannot think outside the box (or script).
Every code base I've seen produced is a convoluted heap of spaghetti pasted together from stackoverflow. To make matters worse, code reviews are no longer happening at all.
Timezone differences have resulted in missed business opportunites.
The bank only knows cost. Quality is not even measured or accounted for anymore.
Would you want a $10, 2 year "buzzword" graduate performing surgery on you? Thats the equivilent of what wells now has managing operations and technology.
The next disaster event is going to be epic.