Banks report 10-50% gains in productivity, turnaround time and costs from AI-led initiatives

Published 01 Nov 2026, 23:32 IST

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Several banks in India have implemented artificial intelligence initiatives that have increased productivity and efficiency significantly. Notably, Kotak Mahindra Bank has improved its handling of corporate servicing volumes by 20-30% with the same workforce. Axis Bank's AI solutions are enhancing…

— The Economic Times

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Several banks in India have implemented artificial intelligence initiatives that have increased productivity and efficiency significantly. Notably, Kotak Mahindra Bank has improved its handling of corporate servicing volumes by 20-30% with the same workforce. Axis Bank's AI solutions are enhancing…

Coverage arrived over 3 hours — first from The Hindu BusinessLine, latest from The Economic Times.

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The Economic Times Center-Right Bennett, Coleman & Co. Current article 01 Nov 2026, 23:32 IST

Banks report 10-50% gains in productivity, turnaround time and costs from AI-led initiatives

Read full article at The Economic Times ↗

The Hindu BusinessLine Center-Right The Hindu Group (Kasturi & Sons) 01 Nov 2026, 20:00 IST

AI challenges traditional productivity metrics for Indian IT

According to UnearthInsight data, Revenue per FTE increased sequentially, with Tech Mahindra recording the sharpest growth at 7.1 per cent to $11,123, alongside a 0.3 per cent decline in headcount

Compare on Varta → Read at The Hindu BusinessLine ↗