Mumbai: While 80 per cent of retail bank executives believe that generative artificial intelligence represents a significant leap in advancing AI technology, only 6 per cent of the retail banks are ready with a roadmap for enterprise-wide AI-driven transformation at scale revealed the 20th anniversary edition of the Capgemini Research Institute’s World Retail Banking Report, published on Tuesday. “Globally, only …
Mumbai: The Reserve Bank of India on Tuesday announced the launch of a pilot for retail digital rupee on 1 December with four banks in four cities, a month after testing the wholesale central bank digital currency. The pilot, RBI said in a press release, would cover select locations in a closed user group, comprising participating customers and merchants. While …
Shares of Axis Bank Ltd rose more than 8% intraday on Friday on the National Stock Exchange, also hitting a new 52-high of ₹895.70 apiece. Axis Bank’s management said that NIMs will be maintained at current levels led by improvement in business mix, higher yields and asset repricing. “The bank will need to accelerate deposit growth in H2, for supporting …
