ET AI Awards 2025: Nominate now for the AI for Banking & Financial Services Transformation category

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India’s banking and financial services sector stands at the forefront of artificial intelligence (AI) adoption, driven by the dual imperatives of digital inclusion and competitive differentiation.

Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The generative AI segment alone is projected to exceed Rs 1.02 lakh crore (about USD 12 billion) by 2033, growing at an annual rate of 28-34 per cent, according to the RBI…



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ET AI Awards 2025: Nominate now for the AI for Banking & Financial Services Transformation category



India’s banking and financial services sector stands at the forefront of artificial intelligence (AI) adoption, driven by the dual imperatives of digital inclusion and competitive differentiation.

Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The generative AI segment alone is projected to exceed Rs 1.02 lakh crore (about USD 12 billion) by 2033, growing at an annual rate of 28-34 per cent, according to the RBI…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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