Tag Archives: productivity gains

MUMBAI: India’s financial sector is embracing generative AI at pace, with banks, insurers, and non-bank lenders deploying it to cut costs and improve efficiency. An EY report suggests productivity gains in banking operations could reach 46% by 2030. The report found that 74% of financial firms have initiated proof-of-concept trials, 42% have allocated budgets, and 11% have reached production-level deployment. …

BENGALURU: TCS’s sequential lacklustre performance can be attributed to deferral of discretionary spends by clients and seasonal effect, CEO K Krithivasan said. He, however, remains optimistic about the prospects for 2025, surpassing the previous year’s performance. He spoke to TOI about H-1B visa matters and the company’s business outlook. Excerpts.TCS is one of the largest beneficiaries of H-1B visas. With …