Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
RBI committee to study global regulations on AI, identify risks
Mint Bangalore
|December 27, 2024
The eight-member panel will be chaired by Pushpak Bhattacharyya, professor from IIT Bombay
India's banking regulator has set up an eight-member committee to study regulatory and supervisory approach on artificial intelligence, especially in the financial sector, in other parts of the world and identify its potential risks.
The panel will recommend an evaluation, mitigation and monitoring framework and compliance requirements related to AI for financial institutions, including banks, non-banking financial services companies (NBFCs), fintechs, and payment system operators (PSOs), among others, the Reserve Bank of India said on Thursday.
It will also look to "recommend a framework including governance aspects for responsible, ethical adoption of AI models/applications in the Indian financial sector".
The panel has to submit its report within six months of the date of its first meeting.
Denne historien er fra December 27, 2024-utgaven av Mint Bangalore.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Bangalore
Mint Bangalore
Vibe coding: Make way for intuition-driven software
New jargon emerges regularly in the world of software development. Most terms vanish quickly, but ever so often, a term bubbles up from the cultural stew and goes mainstream—not because it introduces a breakthrough technology, but because it captures a shift in how people think about software development. ‘Vibe coding’ is one such phrase. It’s a term that reveals more about the future of programming than its whimsical name suggests.
3 mins
November 25, 2025
Mint Bangalore
Diwali is past, but shopping roars ahead
transactions would be for consumer goods, for fast-moving consumer goods (FMCG), durable goods, including automobiles to a certain extent, this is a case of definitely saying that over a period of time, the consumption levels in the country have gone up.”
2 mins
November 25, 2025
Mint Bangalore
Malaysia to ban social media for people under 16 next year
Malaysia plans to ban social media accounts for people under 16 starting in 2026, joining Australia and a growing number of countries pushing tighter digital age limits for children.
1 min
November 25, 2025
Mint Bangalore
The trouble with 'good vibes only' spirituality
Wellness culture on social media idealizes positivity at the cost of depth. Experts warn that this shift can encourage emotional avoidance
2 mins
November 25, 2025
Mint Bangalore
Diwali is past, but shopping season is roaring ahead
India's consumption engine appears to be humming well past the Diwali rush, with digital payments showing none of the usual post-festival fatigue.
1 min
November 25, 2025
Mint Bangalore
What went into quadrupling Jio Payments Bank's footprint
Jio Payments Bank Ltd is aggressively expanding its sales network to catch up with market leader Airtel Payments Bank, with the aim of using this wider reach to acquire customers for its more profitable financial products.
2 mins
November 25, 2025
Mint Bangalore
TCS, Wipro face patent suits in US as IT's troubles mount
to inventors, which prohibit others from creating, using, or selling such inventions for a specified time.
2 mins
November 25, 2025
Mint Bangalore
MFs seek a middle ground with Sebi on broker fee cap
Mutual funds have urged the Securities and Exchange Board of India (Sebi) to make the proposed cap on brokerage costs feasible for asset management firms, according to three people familiar with the matter.
1 mins
November 25, 2025
Mint Bangalore
Let AI sow the seeds of an intelligent farming revolution
India's farmers have long carried the nation's food security on their shoulders.
3 mins
November 25, 2025
Mint Bangalore
Independent films fight for screen space despite critical acclaim
Critically acclaimed Indian filmsthat sparkle onthe international festival circuit are finding it hard to be screened in the country even though theatresare struggling with low supply of new commercial films.
2 mins
November 25, 2025
Listen
Translate
Change font size