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  5. India’s Banks Are Betting Big on AI — But Only 21% Are Fully Ready

India’s Banks Are Betting Big on AI — But Only 21% Are Fully Ready

The Department of Financial Services says scheduled commercial banks posted a record aggregate net profit of ₹3.50 lakh crore in FY2023-24, while PSBs posted ₹1.41 lakh crore, and PSB asset quality improved with gross NPA falling to 3.12%.

SA
Srajan Agarwal
24 Apr 2026 · 1:09 PM IST5 min read
India’s Banks Are Betting Big on AI — But Only 21% Are Fully Ready
SA

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Srajan Agarwal

Srajan Agarwal is a contributor at News4Bharat. Read more stories and updates from this author on News4Bharat.

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