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RBI Governor Urges Banks to Keep Humans in Control of AI Decisions

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Reserve Bank of India Governor Sanjay Malhotra has called on banks to ensure meaningful human oversight over artificial intelligence systems. He emphasized that blaming technology for errors is unacceptable, and that human accountability must remain central to AI-driven decisions. Malhotra stressed that human judgment should guide AI from the design stage itself, rather than being sidelined by automation. He also flagged cybersecurity threats and model bias as significant risks that lenders must guard against. Banks have been directed to maintain a proper inventory of AI models along with robust governance policies.

Read the full story at Times of India

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