AI in banking must move beyond retail to farms, MSMEs SBI Chairman Setty

Image for article AI in banking must move beyond retail to farms, MSMEs SBI Chairman Setty
News Source : The Times of India

News Summary

  • CS Setty, Chairman of the State Bank of India, underscored AI's transformative potential for the Indian banking sector.
  • He asserted that widening credit opportunities for small businesses and farmers through AI is essential to realize India's ambition of a developed economy by 2047.
  • AI could refine farm-level decision-making and risk management, as banks strive to enhance defenses against advancing cybersecurity threats.
  • AI in banking must move beyond retail to farms, MSMEs: SBI chairman Setty Live Events.

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