India
Banks must increase their technological investments, according to MK Jain of the RBI.
Banks in India must increase their technological investments in order to stay ahead of the curve, according to Reserve Bank of India (RBI) Deputy Governor MK Jain.
Jain stated that banks need to keep up with the changing times and adopt new technologies in order to remain efficient and relevant. He also said that the RBI is committed to promoting financial inclusion and that technology can help achieve this goal.
Banks have been investing in technology for some time now, but Jain’s comments highlight the importance of these investments. With the RBI’s backing, it is likely that we will see even more banks increasing their technological investments in the near future.
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