Cloud, AI-ML top emerging techs adopted by Indian banks, reveals RBI survey

A survey conducted by the Reserve Bank of India (RBI) has revealed that Cloud computing and artificial intelligence/machine learning (AI/ML) are the two most widely adopted emerging technologies among Indian banks.

The survey, conducted in November 2024, included responses from 12 state-owned banks and 19 private sector banks to assess the adoption of emerging technologies and the associated risks to the financial sector.