Top Indian banks like SBI, HDFC, and Axis adopt GenAI for better services. BFSI forecasts $13.2B IT spending in 2024. Setu, AdvaRisk, Velocity, and Gnani.ai assist in AI-led innovations like fraud detection, chatbots, and Microsoft partnerships. Prioritizing ethical AI, productivity, and human involvement ensures accuracy. Emphasizing UPI digitization enhances overall efficiency.