Tag: rbi proposes

  • RBI proposes guidelines for banks to manage AI risks

    RBI proposes guidelines for banks to manage AI risks

    MUMBAI, June 24 : India’s central bank has proposed rules requiring banks to strengthen oversight of risks tied to AI and machine-learning models, mandating board-approved policies, stronger controls and model inventories. The Reserve Bank of India said banks must put in place a board-approved risk management

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