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AI in India’s BFSI sector transforming digital banking, fraud detection and financial services

AI in Indian Banking Sector: How AI Is Transforming Finance

The Department of Financial Services says scheduled commercial banks posted a record aggregate net profit of ₹3.50 lakh crore in FY2023-24, while PSBs posted ₹1.41 lakh crore, and PSB asset quality improved with gross NPA falling to 3.12%.

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