Finance Ministry Identifies Select Digital Initiatives for Public Sector Bank Adoption
2 hours agoBusiness
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Finance Ministry Identifies Select Digital Initiatives for Public Sector Bank Adoption

The finance ministry has selected digital initiatives from Canara Bank, Bank of Maharashtra, and State Bank of India for potential adoption by other state-run banks. These include Canara Bank's geospatial analytics platform for business development, Bank of Maharashtra's digital co-lending system, and SBI's digital transformation framework. This move aims to foster collaboration, improve efficiency, and create shared utilities across public sector banks by replicating successful projects.

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