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).
Integration of artificial intelligence (AI) into financial services brings significant opportunities for all stakeholders, the Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday.
Rao said, "The banks have played an extremely important role in supporting the growth story of the Indian economy. If we were to analyse the evolution of the Indian banking sector over the last five decades, we could classify this evolution into three distinct phases - post nationalisation,
Mumbai [India], October 9 (ANI): As artificial intelligence, advanced analytics and machine learning get embedded in our lives in terms of GPS navigation, stock markets and so on, the central bank is seeking expressions of interest from consultants in these next-generation technologies for i
Mumbai [India], October 5 (ANI): The Reserve Bank of India has sought expressions of interest from consultants in the fields of advanced analytics, artificial intelligence and machine learning for supervisory inputs.