Says AI likely to make banking services accessible to population at bottom of the pyramid Advertisement Representative PictureAbhijit Lele Mumbai 2 min read Last Updated : Oct 21 2024 | 9:28 PM IST Private sector banks in India are taking the lead in the adoption of Artificial Intelligence (AI) in areas like fraud detection, customer segmentation, and chat automation, according to a Reserve Bank of India (RBI) study. The asset size and capital adequacy ratio are influencing the rate of adoption. The size and financial health had a positive influence on the banks’ focus on AI, reflecting the impact of economies of scale and … Continue reading Private banks leading AI adoption in banking services, says RBI study