​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
Buy February 2025 Issue

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 before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content

Economy Watch