India cenbank committee recommends AI framework for finance sector

RBI Panel Proposes Fund To Build Homegrown AI Framework For Finance Sector

A Reserve Bank of India committee has recommended a framework for developing AI capabilities for the country's financial sector, while safeguarding it against associated risks, according to a report released on Wednesday.

India cenbank committee recommends AI framework for finance sector

MUMBAI :A Reserve Bank of India committee has recommended a framework for developing AI capabilities for the country's financial sector, while safeguarding it against associated risks, according to a report released on Wednesday.The committee has recommended setting up a digital infrastructure to help build i

India Central Bank Panel Proposes AI Framework for Financial Sector

A Reserve Bank of India (RBI) committee has proposed a framework to develop artificial intelligence (AI) capabilities in the country’s financial sector while addressing associated risks.

RBI’s Prescription to Fin Sector Using AI: Trust is Non-Negotiable, Go People First

In its most comprehensive policy blueprint yet for use of artificial intelligence (AI) in finance, the Reserve Bank of India (RBI) released a ‘Framework for responsible and ethical enablement of AI’ (FREE‑AI), with a regulatory roadmap comprising 26 recommendations.  The document aims to harness AI’s transformative potential while safeguarding trust, ethics, and stability in India’s financial system.FREE-AI was prepared by a committee set up by …

FREE-AI: Inside RBI's blueprint for responsible AI in India's financial sector

RBI unveils FREE-AI framework for responsible adoption of Artificial Intelligence in finance, balancing innovation with consumer protection & systemic stability.

RBI Panel Pushes For AI Policy Framework For Finance Sector

With AI-driven innovations rapidly reshaping various sectors, a Reserve Bank of India (RBI) panel has called for a comprehensive AI policy framework for the financial industry. In the medium term, such a framework would provide flexible, forward-looking guidance around AI-innovation, adoption and risk mitigation. As per a Business Standard report, the panel, set up to develop a framework for responsible and ethical enablement of artificial intel…