RBI Committee on FREE-AI
On 26th December 2024, the Reserve Bank of India (RBI) announced the composition of a committee to develop a Framework for Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI) in the Financial Sector.
- Aim: To ensure that financial institutions adopt AI technologies in a responsible and ethical manner while maintaining operational efficiency and security.
- Chairman: Dr. Pushpak Bhattacharyya, Professor, Department of Computer Science and Engineering, IIT Bombay.
Terms of Reference
- To assess the current level of adoption of AI in financial services, globally and in India.
- To review regulatory and supervisory approaches on AI with focus on financial sector globally.
- To identify potential ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Small and Medium Real Estate Investment Trust
- 2 SEBI Proposes SSE-EBP Platform for NPO Fundraising
- 3 NSE Issues Rulebook for Retail Algorithmic Trading
- 4 SEBI Consultation Paper on Categorization of Mutual Fund Schemes
- 5 Draft RBI (Digital Banking Channels Authorisation) Directions, 2025
- 6 IBA Urges Swift Migration to ISO 20022 to Safeguard Cross-Border Payments
- 7 Code of Conduct for Regtech Firms
- 8 Internal Insurance Ombudsman Framework
- 9 Indian Agriculture: Initiatives & Achievements
- 10 ADEETIE Scheme
