Wednesday, 27 August, 2025
RBI’s FREE-AI Framework Demands Governance Overhaul, Capacity Building
The Reserve Bank of India’s new FREE-AI framework—designed for responsible AI deployment in finance—will require banks to invest heavily in establishing governance systems and building organizational capacity, according to industry experts. The framework enforces principles like fairness, explainability, robustness, and efficiency as compliance standards. Though implementation will be resource-intensive, it promises long-term benefits such as enhanced decision-making and greater customer trust.
Read full story at Economic Times