As many as 86 per cent of senior business executives have deployed artificial intelligence (AI) to enhance revenue streams or create new ones, said a report by Tata Consultancy Services (TCS) on Wednesday.
As many as 69 per cent of businesses are more focused on using AI for innovation and increasing revenue than on improving productivity and optimising cost, said the TCS AI for Business Study .
The Reserve Bank of India (RBI) will meet top executives of asset reconstruction companies (ARCs) on Friday to take stock of the sector.
During the meeting, ARCs will also seek clarity from the regulator on bank borrowing.
While there is no regulatory ban in place, ARC sources said banks often refuse funding.
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