The emerging role of AI in the financial ecosystem should reduce uncertainties and expand opportunities for all stakeholders to advance inclusion, maximise efficiency and strengthen trust” said J.Swaminathan, Deputy Governor of Reserve Bank of India. Delivering the 20th CUB V Narayanan Memorial Lecture at SASTRA Campus in Thanjavur, the DG of RBI laid down a five-point charter guidelines for full-scale AI adoption in the Financial & Banking industry. These include human responsibility, fairness & explainability, strong data governance, institutional adoption maturity and inclusivity by design. “Financial decision making cannot be a back box theory and it requires tremendous institutional responsibility” said the DG. S Vaidhyasubramaniam, Vice-Chancellor, SASTRA University welcomed the gathering and N Kamakodi, MD & CEO of City union bank proposed the vote of thanks, says a release.

Source: The Hindu April 12, 2026 07:10 UTC