Generative AI adoption surge: Banking sector set for efficiency...

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Generative AI adoption surge: Banking sector set for efficiency leap by nearly 46%

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A Reserve Bank of India (RBI) report suggests that Generative AI could boost Indian banking operations by up to 46%. The central bank highlights AI's potential to enhance customer understanding, improve efficiency, and personalize services. AI-powered credit scoring models can broaden access to credit, integrating underserved populations into the formal banking network.

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