While the core operating income grew 32% year-on-year to Rs 4,402 crore, operating expenses rose at a slower pace than income growth at only 23% YoY, which resulted in improved operating leverage.
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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