RBI Deputy Governor outlines AI framework for banking sector. The Reserve Bank of India has established a five-point charter for full-scale artificial intelligence adoption in financial and banking industries. The guidelines emphasize human responsibility, fairness and explainability, strong data governance, institutional adoption maturity, and inclusivity by design. According to the Deputy Governor, AI should reduce uncertainties while expanding opportunities for stakeholders to advance financial inclusion and strengthen trust. The framework ensures fair outcomes, transparency, and risk prevention while maintaining human accountability in financial decision-making. The RBI stressed that financial decisions cannot operate as black boxes and require tremendous institutional responsibility to protect customers and prevent malicious automation.
