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Home / Tag Archives: board accountability for machine learning models

Tag Archives: board accountability for machine learning models

The Future of AI in Indian Banking: Understanding the New RBI Model Risk Management Framework

July 1, 2026 Business News

A modern Indian bank building with a digital overlay representing artificial intelligence data streams.

Mumbai. Wednesday, 1 July 2026 Artificial Intelligence (AI) and Machine Learning (ML) have quietly become the engine rooms of modern Indian banking. From approving your instant loan in seconds to scanning millions of transactions for fraud in real-time, algorithms handle tasks that used to take days. However, with great computing …