Draft framework released by RBI puts responsibility for AI-driven decisions squarely with the board, holds lenders accountable for the outcomes of every model they use.

Indian banks are bolstering cybersecurity with a four-pillar strategy against advanced AI threats. Focusing on code and identity protection, AI-driven threat detection,…

MUMBAI, June 24 : India's central bank has proposed rules requiring banks to strengthen oversight of risks tied to AI and machine-learning models, mandating board-approved…

The Reserve Bank of India is implementing stringent rules for banks and financial entities using Artificial Intelligence. A new draft framework mandates 'kill switches' for AI…

Draft framework released by RBI puts responsibility for AI-driven decisions squarely with the board, holds lenders accountable for the outcomes of every model they use.