This research paper provides an overview of the utilization of AI technology and the technologies it powers in the Indian financial services sector. The paper examines the current landscape of AI adoption in the sector, highlighting its applications, benefits, and challenges. Furthermore, it explores the technologies that AI complements, such as machine learning, natural language processing, and robotic process automation. The findings of this study shed light on the transformative potential of AI in enhancing operational efficiency, risk management, customer experience, and regulatory compliance within the Indian financial services sector.