SBI gives ₹22 crore to IIT-Bombay for data analytics, AI capabilities

July 4, 2023

SBI gives ₹22 crore to IIT-Bombay for data analytics, AI capabilities: The State Bank of India (SBI), through its CSR arm SBI Foundation, has pledged a grant of ₹22.5 crore to the Indian Institute of Technology, Bombay (IIT-B).

Daily current affairs quiz: July 2023

Reason: To establish a Banking Data and Analytics Hub at IIT-B.

The focus of the Hub will be to address the unique challenges faced by the Indian banking and financial services sector. The collaboration aims to leverage SBI’s extensive experience in banking and IIT Bombay’s research expertise.