ICICI Bank is betting big on Artificial Intelligence and Machine Learning
6 hours ago ICICI Bank is adopting Aritificial Intelligence (AI) and Machine Learning (ML) in a big way. Over the last year, these technologies have reduced internal costs for the bank and helped significantly drive its deposit and lending growth, the banks management said during an earnings call with analysts. The bank reported a net profit of Rs 4,402 crore in the fourth quarter of FY21, around 260.5% higher compared to the same period in the previous year, according to its financial results. The costs and benefits of AI and ML Several of the leading banks are turning to technology, to targ...
Source: medianama.com