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AI promises efficiency and inclusion but needs strong oversight: RBI Dy Governor at Global Fintech Fest 2025
Updated On: 08 October, 2025 02:52 PM IST | Mumbai | mid-day online correspondent
The Deputy Governor stressed that the integration of AI into financial systems must be treated with profound responsibility. "In finance, the margin for error is narrower, as financial institutions are built on trust and economies prosper on stability," he said
The Deputy Governor stressed that the integration of AI into financial systems must be treated with profound responsibility. Repesentational Pic
Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar on Tuesday warned that while artificial intelligence (AI) is rapidly transforming industries with remarkable efficiency and innovation, it also carries significant risks if not properly regulated.
According to the news agency ANI, he emphasised the need for stringent oversight to ensure AI-driven advances support financial stability and inclusion while speaking at the Global Fintech Fest (GFF) 2025 in Mumbai.
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