RBI Governor warns that AI’s biggest risk in banking is the erosion of human judgment and accountability.

RBI Governor Sanjay Malhotra said banks that succeed in the AI era will be those that understand the technology they deploy and maintain clear accountability for its outcomes,…

RBI chief urges Indian banks to invest in AI while highlighting associated risks like bias, data privacy, and cybersecurity threats.

MUMBAI: RBI governor Sanjay Malhotra said AI could do to lending decisions what UPI did to payments and urged banks not to sit on the sidelines as India is well placed to adopt…

MUMBAI: Artificial intelligence could help banks expand credit to rural India, small businesses and farmers while improving risk assessment and productivity, SBI chairman CS Setty…

Banks must understand artificial intelligence deployment for future success. AI can enhance financial inclusion and improve existing public good projects. Careless AI use risks…