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AI can bring to lending, what UPI did to payments: RBI governor
MUMBAI: RBI governor Sanjay Malhotra said AI could do to lending decisions what UPI did to payments and urged banks not to sit on the sidelines as India is well placed to adopt the technology because of its public digital infrastructure and regulatory supervision. His comments at FIBAC 2026 came at a time when the share of credit to GDP remains modest even as bank books are at their healthiest.
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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,…
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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…
