Warning: Attempt to read property "uri" on null in nasscom_preprocess_html() (line 505 of themes/custom/nasscom/nasscom.theme).

nasscom_preprocess_html(Array, 'html', Array)
call_user_func_array('nasscom_preprocess_html', Array) (Line: 287)
Drupal\Core\Theme\ThemeManager->render('html', Array) (Line: 433)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 162)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 580)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 163)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 142)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 174)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 81)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 50)
Drupal\ban\BanMiddleware->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 23)
Stack\StackedHttpKernel->handle(Object, 1, 1) (Line: 718)
Drupal\Core\DrupalKernel->handle(Object) (Line: 19)

Warning: Attempt to read property "value" on null in nasscom_preprocess_html() (line 505 of themes/custom/nasscom/nasscom.theme).

nasscom_preprocess_html(Array, 'html', Array)
call_user_func_array('nasscom_preprocess_html', Array) (Line: 287)
Drupal\Core\Theme\ThemeManager->render('html', Array) (Line: 433)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 162)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 580)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 163)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 142)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 174)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 81)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 50)
Drupal\ban\BanMiddleware->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 23)
Stack\StackedHttpKernel->handle(Object, 1, 1) (Line: 718)
Drupal\Core\DrupalKernel->handle(Object) (Line: 19)

Private Banks Leading AI Adoption in India

Artificial Intelligence

December 2024

Artificial Intelligence (AI) is revolutionizing industries across the globe, and the banking sector is no exception. In India, private banks are at the forefront of this transformation, leveraging AI in wealth management, AI-driven investment strategies, and other advanced applications to enhance their operations and customer engagement. A recent study by the Reserve Bank of India (RBI) highlights how private banks are leading AI adoption in the country, underscoring its pivotal role in modernizing the financial ecosystem.

AI Driving Transformation in Banking

AI is reshaping banking operations by improving efficiency, enhancing customer experiences, and bolstering fraud detection mechanisms. For instance, chatbots powered by AI offer 24/7 customer support, resolving queries instantly and streamlining customer service. Operationally, AI-powered risk assessment in private banking and machine learning models are enabling banks to optimize credit risk evaluations and personalize financial products.

Private banks such as HDFC Bank and ICICI Bank have integrated AI into their core services. HDFC Bank employs an AI-powered portfolio management tool and a chatbot named "Eva," which handles millions of customer interactions annually. ICICI Bank, on the other hand, utilizes machine learning in private banking services to detect fraud and ensure regulatory compliance. These innovations not only enhance customer trust but also position these banks as leaders in adopting cutting-edge technology.

Artificial Intelligence for Private Banking: A Growing Demand for Expertise

As private banks embrace artificial intelligence for financial advisory and portfolio optimization, the demand for skilled professionals in AI and machine learning (ML) has surged. According to a report by nasscom, India's AI talent pool is growing at a CAGR of 20%, with financial services being a significant contributor. Globally, the demand for AI expertise is projected to create 97 million new roles by 2025, as per the World Economic Forum.

India is emerging as a hub for AI talent due to its vast pool of engineers and IT professionals. Private banks are seeking individuals with skills in AI in portfolio management, predictive analytics, and cybersecurity to maintain their competitive edge and drive innovation.

Upskilling Opportunities with Futureskills Prime

To meet the rising demand for AI professionals, Futureskills Prime, an initiative by nasscom and the Government of India, are offering curated courses in Artificial Intelligence & Machine Learning. Futureskills Prime provides a comprehensive learning ecosystem designed by industry experts to prepare individuals for AI-driven careers. Its courses cover a wide array of topics, including AI-driven investment strategies, natural language processing, and deep learning, enabling learners to stay ahead in a competitive job market.

With flexible learning options and certification programs, Futureskills Prime empowers professionals and students to acquire in-demand skills, ensuring they remain relevant in the ever-evolving landscape of AI technology.

References:

Private Banks Leading AI Adoption in India

Key Program Partners

Program Supporters

Home

About FutureSkills Prime

Error message

Private Banks Leading AI Adoption in India