“This year’s Budget signals that India’s financial system is entering a more mature phase. The proposal to set up a “High-Level Committee” on Banking for Viksit Bharat is a timely move to guide the sector’s next phase of growth, with a stronger emphasis on stability, inclusion, and consumer protection.
As India moves forward with its AI Mission and continues strengthening digital infrastructure, the next focus for banking is likely to be intelligence. This is especially important as AI adoption across financial institutions remains largely basic and operational. As banks start integrating AI into broader use cases, the spotlight needs to turn to secure systems, transparent governance, and seamless experiences that nurture trust. This aligns closely with the RBI’s FREE-AI framework, which places equal weight on innovation and risk management.”
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