Archive · 23 Sep 2025
RBI: AI Adoption Requires Prudent Risk Management
A top official at India's central bank, M Rajeshwar Rao, discussed the effects of AI in the financial sector.
He emphasized the need for banks to carefully manage risks when using AI, focusing on ethics, transparency, and fairness.
Rao noted that although AI offers many benefits, banks need to invest in strong structures to ensure that they are safe and sustainable.
M Rajeshwar Rao discussed the impact of AI on financial services.
AI is transforming financial products, processes, and operations.
Long-term implications of AI adoption carry potentially far-reaching consequences.
Rao urged financial sector to approach AI with foresight.
AI-driven decisions should be ethical and transparent.
- Who
- M Rajeshwar Rao
- What
- Spoke on AI in financial services
- When
- September 16
- Where
- CNBC-TV18 event
- Why
- To discuss the impact and implications of AI in finance
Risks
Opportunities
Uncertainties
Risks
Long-term implications of AI adoption on the financial system remain uncertain but carry potentially far-reaching consequences.
Opportunities
AI transforming financial services.
- Speaker
- M Rajeshwar Rao, Deputy Governor, RBI
- Event
- CNBC-TV18
- Date of Speech
- September 16
- Main Topic
- AI in Financial Services
