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AI in banking must move beyond retail to farms, MSMEs: SBI Chairman Setty
In a recent statement, CS Setty, Chairman of the State Bank of India, underscored AI's transformative potential for the Indian banking sector. He asserted that widening credit opportunities for small businesses and farmers through AI is essential to realize India's ambition of a developed economy by 2047. Additionally, AI could refine farm-level decision-making and risk management, as banks strive to enhance defenses against advancing cybersecurity threats.
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newsbytesapp.com
SBI's AI-driven lending generates ₹22,000cr business in Q1
SBI leveraged AI-driven analytical leads to generate ₹22,000 crore in business during the June quarter, contributing significantly to its retail loan growth.
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economictimes.indiatimes.com
RBI Governor Malhotra outlines which Indian banks will win the AI era
RBI Governor Sanjay Malhotra said banks that succeed in the AI era will be those that understand the technology they deploy and maintain clear accountability for its outcomes,…
