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AI News from ET - AI could reshape half of the roles in India's banking sector: Report

Vishwadeep Khatri
in AI News & Two Lenses

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Boston Consulting Group reports that AI adoption could reshape 35-50% of Indian banking jobs, addressing limited productivity gains despite increased IT spending. Banks are urged to embrace technology to overcome cost structure challenges. The report also highlights the need for faster credit growth to support India's development goals and concerns over the slow expansion of credit access to new customers.

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