RBI Forms a Committee to Develop the Framework for Responsible and Ethical Enablement of AI in the Financial Sector
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- Last Updated on 28 December, 2024
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Press Release: 2024-2025/1779, Dated: 26.12.2024
The RBI has set up a Committee on Framework for Responsible and Ethical Enablement of Artificial Intelligence in the financial sector. Dr. Pushpak Bhattacharyya will be the Chairperson of the committee. The committee will assess the current level of adoption of AI in financial services, globally and in India, & review regulatory and supervisory approaches on AI with focus on financial sector globally. Further, the Committee will submit its report within 6 months from the date of its 1st meeting.
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