RBI Forms Panel for Ethical AI in Finance

The Reserve Bank of India (RBI) is establishing a committee to create a framework for the ethical use of artificial intelligence (AI) in financial services. This panel will address key issues like algorithmic bias, decision explainability, and data privacy. The goal is to ensure AI is used responsibly and sustainably in the financial sector. This initiative reflects RBI’s commitment to integrating advanced technologies while safeguarding ethical standards and protecting user data.