Pros
Lot of talented people around. Good initial compensation. Even in bad times appraisal continues(the amount would be impacted but the process happens in a scheduled manner). Work from home is available. Unlimited paid sick leave, lot of other leaves. Strong focus on the brand.
Cons
Since the time you join, you will never feel you are working in a tech company. In every way it is a bank. Everything is highly bureaucratic and every small decision takes months or even years. Functional knowledge is valued way above technical knowledge. Most of the teams use age old technologies and there is no effort to upgrade. As a developer, most of the time you will be creating tickets, following up on them, owning projects with no actual development or even designing. There are also vendor partners who might be working in your same team and on whom there is often no quality check. Everybody is only interested in getting a promotion without any actual goal