RBI issues 7 key principles for AI use in financial sector:

RBI issues 7 key principles for AI use in financial sector:

Daily Current Affairs   /   RBI issues 7 key principles for AI use in financial sector:

Change Language English Hindi

Category : Business and economics Published on: August 20 2025

Share on facebook

The Reserve Bank of India (RBI), through its expert committee on Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI), has released a framework recommending seven key principles for safe adoption of AI in financial services. Among its proposals are the creation of shared infrastructure for regulated entities to ensure democratized access to data and computing resources, and the establishment of an AI Innovation Sandbox to test new technologies. The detailed report, now available on the RBI website, provides guidelines to harness AI’s potential while mitigating risks and ensuring ethical standards.

Recent Post's

  • Kapil Bainsla and Girish Gupta bagged gold medals for India at the 16th Asian Shooting Championship in Kazakhstan.

    Read More....

  • World Humanitarian Day was observed on 19 August to honor aid workers and support crisis-hit people.

    Read More....

  • The Union Government launched the PM Viksit Bharat Rojgar Yojna portal to generate 3.5 crore jobs.

    Read More....

  • The Centre released ₹36,027 crore to states under the Special Assistance Scheme for Capital Expenditure.

    Read More....

  • Bibi Fatima Women’s SHG from Karnataka’s Teertha village won the UNDP Equator Initiative Award 2025.

    Read More....

  • Shareholders approved Noel Tata’s appointment to the Tata Sons board at the 107th AGM.

    Read More....

  • India’s Bhavina Patel won gold in Women’s Singles (Class 4–5) at the ITTF World Para Elite event in the USA.

    Read More....

  • RBI released a framework with 7 principles for responsible AI adoption in financial services.

    Read More....

  • The Geological Survey of India discovered 10–20 tonnes of gold reserves in four districts of Odisha.

    Read More....

  • Former captain Virat Kohli completed 17 years since his international debut on 18 August 2008.

    Read More....

2025 © and Powered By Graposs Edutech Private Limited

Terms & Condition Privacy Policy Disclaimer