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Less than 10% of IT budget in new tech
Mint Kolkata
|December 31, 2024
Banks in India allocated less than 10% of their information technology budgets to emerging technologies this year, the Reserve Bank of India (RBI) has found.
Banks in India allocated less than 10% of their information technology budgets to emerging technologies this year, the Reserve Bank of India (RBI) has found. This, despite emerging technologies such as artificial intelligence (AI) and cloud computing playing an increasingly significant role in financial services.
RBI, as part of its November survey for its latest Financial Stability Report (FSR), looked into the level of adoption of emerging technologies by banks and any associated risks to the domestic financial sector.
"Cloud computing and artificial intelligence/machine learning (AI/ML) were the two most widely adopted emerging technologies among banks," RBI said in its Financial Stability Report released on Monday.
यह कहानी Mint Kolkata के December 31, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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