Kotak’s standalone operating profit rose 43% to Rs 3,850 crore in Q3. Advances increased by over 23% to Rs 3,10,734 crore in December-end. COVID related provisions stood at Rs 400 crore.
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
Banks must understand artificial intelligence deployment for future success. AI can enhance financial inclusion and improve existing public good projects. Careless AI use risks new
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