AI adoption in Indian financial services still nascent; RBI framework to guide sector: Economic Survey

Even as artificial intelligence (AI) sees rapid adoption across the broader technology sector, India’s financial services industry remains at a relatively nascent stage, says the Economic Survey 2025-26.

According to the survey, only 21% of Indian banks and financial institutions have either begun implementing or are in the process of building AI solutions for their core operations. The findings are based on detailed surveys conducted by the Reserve Bank of India (RBI).