Nirmala Sitharaman urges Indian banks to work together to meet AI challenge

On 2026-04-24, Indian Finance Minister Nirmala Sitharaman said Indian banks should work together to address an AI-born challenge and discuss further investments in technology and countermeasures. She made the remarks at the inauguration of SBI’s Local Head Office in Kharadi, Pune. The statement was directed at Indian banks and framed as a call for coordination rather than a formal policy order.