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RBI Sets Up Panel for Ethical AI Framework in Financial Sector

Kumari Sonali

RBI Sets Up Panel for Ethical AI Framework in Financial Sector:

The Reserve Bank of India (RBI) has constituted an eight-member committee to develop the Framework for Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI) in the financial sector. Announced during the RBI’s December monetary policy meeting, this initiative focuses on guiding the adoption of AI technologies responsibly in financial services such as banks, NBFCs, FinTechs, and payment system operators

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