Monday 2 November 2026Updated 03:23 IST
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Monday 2 November 2026, 14 stories.

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Banks report 10-50% efficiency gains from AI
The Economic Times

Banks report 10-50% efficiency gains from AI

Mumbai: Banks are reporting 10-50% improvements across productivity, turnaround time and operating costs from artificial intelligence-led initiatives, with some lenders handling up to 30% more servicing volumes without adding manpower as AI moves deeper into corporate banking,…

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India Forms Committee to Reform Banking for Global Edge

The high-level committee, chaired by former Central Vigilance Commissioner Suresh N. Patel, includes RBI and banking experts and has six months to recommend reforms on regulations, capital needs, AI adoption, and cybersecurity.