💨 Abstract

Indian banks have made significant progress in digital banking services, outpacing the global average. Nine Indian banks were recognized as 'Digital Champions' among 40 global banks. The DBM Index in India has grown from 43% to 59%, with the most notable gains in day-to-day banking and expanding relationships. The report attributes this to customized advisory, rapid technological advancements, AI integration, and beyond-banking offerings.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖