Archive · 1 Sep 2026
India’s Banking Summit Maps AI’s Responsible Financial Frontier
India’s banking leaders met to discuss how artificial intelligence could change financial services.
They said AI should be designed with safety and responsibility from the beginning.
A senior Reserve Bank of India official said computers, people, managers, and the wider banking system all need to work together.
Banks are also trying to solve a problem caused by slower growth in deposits.
Leaders suggested new ways to raise money and improve relationships with customers.
Fintech companies discussed how AI might affect UPI and digital payments.
Some finance companies worried that proposed rules could reduce the amount of revolving credit they can provide.
The speakers said people must trust AI before they will use it confidently.
They also said regulators, banks, financial companies, and technology firms need to cooperate.
The fourth CNBC-TV18 Banking Transformation Summit focused on scaling India’s financial system through responsible AI.
Reserve Bank of India Deputy Governor Shirish Chandra Murmu proposed combining data, human judgment, governance, and system-level intelligence.
Banking leaders discussed slowing deposit growth and suggested infrastructure bonds, securitisation, transaction banking, and wealth management.
Fintech executives examined AI’s role in UPI and the possible introduction of merchant discount rate charges.
NBFC leaders warned that the RBI’s draft revolving-credit rules could reduce credit supply by nearly ₹2 lakh crore.
- Who
- Banking, fintech, NBFC, technology, and regulatory leaders, including Reserve Bank of India Deputy Governor Shirish Chandra Murmu.
- What
- The fourth CNBC-TV18 Banking Transformation Summit examined AI, digital banking, deposit growth, UPI, and credit regulation.
- When
- The summit took place four days after the Prime Minister’s Red Fort pledge to train one crore Indians in AI.
- Where
- India; the specific summit venue was not stated.
- Why
- Participants discussed how to expand India’s financial system while ensuring that AI is governed responsibly and trusted by customers.
Industry Concerns
Regulatory Intent
Draft revolving-credit rules
Industry Concerns
NBFC leaders said curbing revolving credit could shut off nearly ₹2 lakh crore in credit supply and become a stumbling block for UPI-linked lending.
Regulatory Intent
The Reserve Bank of India’s draft circular intends to curb NBFCs’ ability to offer revolving credit, although the articles do not state the regulator’s detailed justification.
- Event
- Fourth CNBC-TV18 Banking Transformation Summit
- Theme
- Scaling Bharat: Powering Progress with Responsible AI
- Keynote speaker
- Shirish Chandra Murmu, Deputy Governor of the Reserve Bank of India
- AI framework
- Analytical intelligence, human judgment, governance intelligence, and system-level collective intelligence
- Banking challenge
- Slowing growth of deposits
- UPI issue
- Potential introduction of merchant discount rate charges
- Estimated credit impact
- NBFC leaders said the draft revolving-credit circular could affect nearly ₹2 lakh crore in credit supply