Bank Jobs Disappearing: The clerks are going missing in this digital decade

The financial sector is experiencing a digital transformation, with automation replacing traditional roles, impacting job ratios and skill requirements. RBI Governor Shaktikanta Das emphasised the need for upskilling to meet the challenges of digitalization. The rise of AI-related skills and cybersecurity threats pose significant challenges. India's digital economy is poised for substantial growth, reshaping banking and financial services.