Govern AI before scaling it: RBI's 10 commandments for tech risk
New Delhi, Sept. 24 -- As the Indian financial landscape accelerates into an artificial intelligence (AI) era, the Reserve Bank of India's (RBI's) deputy governor Rohit Jain on Thursday laid out 10 key requirements for banks to manage technology and cyber risks.
Speaking at the State Bank of India Banking & Economic Conclave in Mumbai, Jain called for stronger governance, greater visibility into technology infrastructure, tighter controls and regular testing of operational resilience as financial institutions increasingly adopt AI.
He also said that technology can no longer be treated merely as an enabler of banking but is becoming part of a bank's risk architecture.
His 10-point framework includes ensuring that technology governance t...
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